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The Latest Breaking News from Reality Labs

Meta's quest for 'efficiency' sparks new wave of layoffs

For at least the third time this year, Meta laid off several dozen workers.

Fortune

Meta lays off staff at WhatsApp and Instagram to align with 'strategic goals'

Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its “strategic goals.”

The Independent UK

Meta Lays Off Employees At WhatsApp, Instagram And Reality Labs

Meta spokesperson Dave Arnold said some teams were making changes to align with the company's long-term strategic goals and location strategy.

International Business Times

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HoloLens 2 cancellation could mean we'll finally see the Meta and Xbox VR headset, and I'm excited

Microsoft HoloLens 2 might be on its way out, but I'm excited that it means we might finally see the Meta and Xbox VR headset.

TechRadar

Meta Tests Top Of Buy Range With Analysts Bullish On AI, Metaverse Products

Meta stock analysts were largely positive about the AI and metaverse related products Mark Zuckerberg revealed at Connect.

Investors Business Daily

Is Outperforming Meta Platforms Stock Still a Good Buy Right Now?

Meta Platforms stock continues to soar, outpacing the S&P 500 with a staggering 77% surge over the past year. But after such a substantial rise in its stock price, can Meta keep up the momentum?

Barchart

Report suggests Quest Pro 2 has been canceled, but a Meta exec says that's not the whole story

A report claimed that Meta has stopped developing the Quest Pro 2, but the company's CTO Andrew Bosworth has more to say.

Android Central

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News Weekly: Google is a monopoly, Meta closes a first-party VR studio, new Google hardware, and more

Google holds an illegal monopoly, according to a judge. Meta also closed a major first-party VR developer studio, Google launched new hardware devices, Garmin makes some useful changes to its store, and California may soon enable digital IDs on Google Wallet.

Android Central

Lone Echo developer Ready at Dawn has reportedly been closed by Meta

Meta acquired the studio in 2020.

PC Gamer

Exclusive: Meta is closing a beloved first-party Quest studio

Oculus Studios is shrinking a bit today as one major studio, Ready at Dawn, is closing its doors due to wider Reality Labs budget cuts.

Android Central

A decade after buying Oculus VR, Meta's Reality Labs' losses are spiralling out of control, with no end in sight

$10 billion loss in 2020, $16 billion loss in 2023—and it's only going to get worse, says Meta.

PC Gamer

Meta Q2 2024 earnings call highlights AI successes and a $50 billion problem

Here's everything we learned about Meta's AI plans, its Reality Labs losses, and more.

Android Central

The Meta Quest 4 is reportedly coming in 2026 with a big twist

The Meta Quest 4 may be coming sooner than you think, according to a new report from The Information.

Android Central

Mark Zuckerberg's metaverse adventure may finally be running out of cash

The Reality Labs division has reportedly been asked to axe 20% of its hardware spending.

Fortune

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Barchart

Should Meta Platforms Investors Be Worried About Higher AI Spending?

Investors sold Meta stock over concerns about a hike to its capex forecast, but at least one analyst says those worries are overblown.

PC Gamer

Meta spent $4.3 billion on its VR division in three months, and made *checks figures* $440 million in return

Math isn't my strong point, but those numbers make my teeth hurt.

Android Central

Meta Q1 2024 earnings highlight AI focus amid strong Quest sales

Meta released its Q1 2024 earnings on Wednesday, beating revenue expectations with increased ad spend and strong Quest sales.

TechRadar

Meta’s massive OS announcement is more exciting than a Meta Quest 4 reveal, and VR will never be the same again

The surprise Meta Horizon OS announcement sets it up as VR’s Windows – and that’s both a great and terrible thing.

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Investors Business Daily

Is Meta Stock A Buy Ahead Of Connect Conference?

Meta stock is climbing back toward record highs from early July. The Facebook parent's Connect event could include AI updates.

Android Central

Meta Q4 2023 earnings report shows record-breaking Quest 3 sales, ad profits

Meta is still losing billions every quarter on Reality Labs and AI investments, but its ad revenue was so absurdly high that it still made more money than ever.

The Guardian - US

Meta revenue soars as it pivots to AI and announces dividends for investors

Cash flow beat investor expectations and shares rose as the tech giant authorized a $50bn share buyback program

Android Central

Meta said to be shifting from AR to VR, doubles down on Ray-Ban partnership

Now that the Apple Vision Pro is giving Meta its first big challenge in years, the company has shifted development away from AR glasses and toward VR headsets.

Investors Business Daily

Meta Stock Forecast: This Could Be Mark Zuckerberg's Trillion-Dollar Year

Meta stock is approaching a trillion-dollar market value after the Facebook parent company's huge 2023 gains. But there are obstacles ahead.

Barchart

What Mark Zuckerberg's Massive Meta Stock Dump Means for Investors

Meta Platforms stock has more than doubled in 2023, allowing investors to generate outsized gains this year. But is META stock a good buy at the current valuation?

Barchart

Here's Why Meta Platforms Is the Top AI Stock to Watch Right Now

The Magnificent Seven stocks have been driving the market higher this year, thanks to investor optimism over massive artificial intelligence growth. While all of these stocks have made significant strides with AI, Meta shares might be the best of the group - here's why.

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