Meta is experiencing considerable financial difficulties. Its Reality Labs division continues to lose billions of dollars at the same time Facebook reported its first-ever decline in revenue.
Meta’s Reality Labs Loses $2.8B as Facebook’s Revenue Falls for First TimeMeta is experiencing a combination of financial difficulties that it has not encountered for the first time in its history. Its Reality Labs division continues to lose billions of dollars at the same time Facebook reported its first-ever decline in revenue., Facebook’s decade-long streak of nonstop revenue growth has come to an end as the social media giant has reported a decline in revenue for the second quarter of 2022.
The overall profit for Facebook’s parent company, Meta, also fell but to a much more significant degree: 36% to $6.6 billion. Reality Labs, the division responsible for virtual reality , augmented reality , and the company’s push into the so-called “metaverse” lost
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTC Sues to Block Facebook Owner Meta From Buying VR Fitness App MakerThe lawsuit echoes issues progressive critics have said the FTC should have raised in Facebook’s acquisitions of Instagram and WhatsApp roughly a decade ago.
Read more »
Meta oversight board to review policies on transgender nudity, COVID-19 misinformationMeta's oversight board plans to tackle new cases and review the company's COVID-19 misinformation policies. The board is asking for public comments.
Read more »
Meta considers easing its Covid-19 misinformation policyFacebook-parent Meta is weighing whether to relax its policies against Covid-19 misinformation, proposing a shift from removing false claims to simply labeling or demoting them.
Read more »
Zuckerberg says Meta is in 'very deep, philosophical competition' with Apple to build the metaverseA fight over 'what direction the internet should go in'
Read more »
Meta is hiking the Quest 2's price up by $100 | Digital TrendsMeta's virtualreality console, the MetaQuest 2, is set to see a price increase very soon.
Read more »
Meta is shutting down its couples messaging app you didn't know existed | EngadgetMeta is shutting down Tuned, an app that was meant to help couples stay in touch — but it's not clear many people used it..
Read more »