Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.
Mark Zuckerberg 's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.
In 2021, Zuckerberg changed the name of his company from Facebook to Meta to reflect his vision for the future of computing.Facebook co-founder and chief executive, Mark Zuckerberg, speaks at an Oculus developers conference while wearing a virtual reality headset in San Jose, California.shows no signs of substantially trimming its losses from investing in the metaverse, as competition heightens between the Facebook parent andWednesday, Meta disclosed that its Reality Labs unit recorded a $3.
Analysts were expecting a $4.31 billion operating loss and sales of $512.5 million for the quarter, according to StreetAccount. Reality Labs has now lost more than $45 billion since the end of 2020, when Meta first began reporting the business segment separately.partner with third-party hardware companies
to create new VR headsets using the same Meta Horizon operating system that powers its Quest headsets. Zuckerberg said that while Apple "basically won out" in the phone market with its closed ecosystem, Meta's move aims to ensure the "open model defines the next generation of computing."
Apple Inc Breaking News: Technology Technology Meta Platforms Inc Business News
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ava Labs' Cheeky Marketing Stunt Hits the Mark at Game Developers ConferenceThe boss at Ava Labs' gaming division says their cheeky marketing stunt was a hit at the Game Developers Conference. Plus, the Bitcoin Miner clicker game will have your thumb throbbing.
Read more »
Meta vs the FTC: Meta claims WhatsApp and Insta acquisition wasn't monopolisticIzzy, a tech enthusiast and a key part of the PhoneArena team, specializes in delivering the latest mobile tech news and finding the best tech deals. Her interests extend to cybersecurity, phone design innovations, and camera capabilities.
Read more »
Meta launches new version of Meta AI assistant across WhatsApp, Instagram, Facebook, and MessengerJohanna 'Jojo the Techie' is a skilled mobile technology expert with over 15 years of hands-on experience, specializing in the Google ecosystem and Pixel devices. Known for her user-friendly approach, she leverages her vast tech support background to provide accessible and insightful coverage on latest technology trends.
Read more »
EU Launches Antitrust Investigations into Apple, Google, Mark Zuckerberg’s MetaSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Mark Zuckerberg’s Meta Created Secret ‘Project Ghostbusters’ to Snoop on Snapchat, Other RivalsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Mark Zuckerberg’s Meta Introduces ‘Made with AI’ Labels Ahead of 2024 ElectionSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »