Meta Platforms Inc. (NASDAQ:META) is one of the high profit margin stocks to buy now. On July 1, Meta CEO Mark Zuckerberg ...

While Meta Platforms has piled a lot of resources into the metaverse and its Reality Labs division, the payoff simply hasn't ...

Meta has laid off employees in its Reality Labs division, including teams working in Oculus Studios and some employees working on hardware. The future of fitness. Skip to main content ...

Meta's Reality Labs faced layoffs and $4.2 billion in losses, raising questions about the future of its metaverse ambitions and VR projects. Business Insider Subscribe Newsletters ...

Meta lays off Reality Labs staff, impacting Oculus Studios and VR fitness app Supernatural, while pursuing new hires and restructuring efforts. Business Insider Subscribe Newsletters ...

Meta CEO Mark Zuckerberg has reorganized the company's artificial intelligence efforts under a new division called Meta ...

Meta’s (META) ambitious push into augmented and virtual reality through Reality Labs has been a costly gamble, with billions poured into its development. While a breakthrough in AR/VR (augmented ...

The job cuts may help Meta improve the financial performance of Reality Labs, which lost $4.96 billion on $1 billion in revenue during the last three months of 2024.

In Meta's first-quarter earnings report on Wednesday, the company said its Reality Labs unit recorded an operating loss of $4.2 billion while bringing in $412 million in sales.

Meta Platforms Inc. is laying off more than 100 people across its Reality Labs division focused on creating virtual reality and wearable devices, according to a person familiar with the matter.

Meta's Reality Labs division logged an operating loss of $4.97 billion while scoring $1.1 billion in sales during the fourth quarter, the company said in January.