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The Latest Breaking News from Reality Labs

Meta Stock Plunges, Faces $90 Billion Wipeout, After Grim Q3 Update

"I think that those who are patient and invest with us will end up being rewarded.," said CEO Mark Zuckerberg.

The Street

Zuckerberg and Facebook Hang On To Their Metaverse

The social media giant maintains that the metaverse is a top priority despite mounting losses.

The Street

Meta Stock Tumbles After Q3 Earnings Miss; Sees 'Significantly' More Metaverse Losses

"While we face near-term challenges on revenue, the fundamentals are there for a return to stronger revenue growth," said CEO Mark Zuckerberg.

The Street

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Big Short Michael Burry Says Facebook Is In Big Trouble

Legendary investor attacks social media giant's strategy.

The Street

"Big Short" Michael Burry Says Facebook Has a Big Problem

The list of critics and detractors of Mark Zuckerberg is growing day by day. There is, of course, the financial community, analysts and investors, who are merciless about Meta Platforms META, the entrepreneur's empire of social networks. Meta shares are down 62.3% since January, ...

The Street

Zuckerberg Bet Big (and Maybe Got the Metaverse Very Wrong)

The Facebook founder put billions into a strategy that may not be what people want and he opened the door for an unlikely competitor.

The Street

Facebook Employees Kind of Hate the Metaverse

No one seems to be with Zuck on this one.

The Street

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Zuckerberg Visits Closed UFC Event (Sparking New Rumors)

The CEO was in attendance at a pay-per-view event that was closed to the publlic.

The Street

Mark Zuckerberg and Facebook Deliver Very Bad News

Social-media giant Facebook is going through one of the toughest times in its history.

The Street

Zuckerberg Gets Meta-eval in Sparring Video

Things may be tough for Mark Zuckerberg right now, but the Meta Platform CEO shows he can lay down the smack.

The Street

The Year Facebook's Mark Zuckerberg Wants to Forget

The CEO of social media giant Meta Platforms will likely want to forget the year 2022.

The Street

Will Mark Zuckerberg Save NFTs?

The billionaire CEO of Meta Platforms' faith in the crypto industry remains intact. But does he really have a choice?

The Street

Mark Zuckerberg Makes It Hard to Believe in His Multibillion Bet

The metaverse is the Next Big Thing, Facebook Chief Zuckerberg says. But sometimes he gives the impression that he himself doesn't believe it.

The Street

Mark Zuckerberg Clings to His Big and Risky Bet

The metaverse is the future of social media giant Meta Platforms, says the billionaire. And yet...

The Street

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The Street

Meta Stock Tumbles After First-Ever Revenue Decline, Q2 Earnings Miss, $2.8 Billion Reality Labs Loss

"We're putting increased energy and focus around our key company priorities that unlock both near and long term opportunities for Meta," said CEO Mark Zuckerberg.

Evening Standard

Will everyone be welcome in the metaverse?

Meta must prove it’s built the right protections for users if the metaverse is to be an inclusive space

Benzinga

Meta Retracts From AR Glasses Project Shortly After Dumping Smartwatch Project

Meta Platforms, Inc (NASDAQ:META) is scaling back its plans to release a series of augmented reality glasses over the next several years, the Information reports. The move marks its second product suspension for the week as it battled the current revenue slowdown. Meta aimed to trim heavy investments in its Reality Labs hardware…

The Street

Zuckerberg Buries Facebook and Turns to His Next Big Thing

The CEO of social-media giant Meta, formerly Facebook, hopes to open a new chapter.

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The Street

Zuckerberg Has Bad News About Facebook's New Big Thing

Social-media giant Meta/Facebook is betting on a virtual world with uncertain economic prospects.

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

CNBC Instacart Confidentially Files For US IPO

Benzinga

Meta Looks To Cutback In Reality Labs In Its Quest For Metaverse

Facebook parent Meta Platforms, Inc (NASDAQ:FB) is preparing cutbacks in its Reality Labs division to refocus on hardware products and the "metaverse," Reuters reports. Meta was not planning layoffs as part of the changes. The division could not afford to do some projects anymore and postponed others. According to Reuters, Reality Labs lost…

France 24

Meta Platforms opens first retail store in US

Facebook owner Meta Platforms has opened its first physical retail store in Burlingame, California. It's located at the main campus of Reality Labs, the company's unit that produces hardware like virtual reality headsets or smart glasses. Meta has staked its future business on the idea of the metaverse, an immersive…

The Street

Facebook's Transformation Is Being Slowed by A Big Rival

Facebook wants to transform itself into a virtual reality company over the next decade.

The Street

What Mark Zuckerberg Said That Calmed Investors

Read the full remarks from Facebook's recent earnings call.

Asharq Al-Awsat

Facebook Parent Meta Calms Investors with Strong Profit

Facebook parent Meta on Wednesday reported better profit than expected in the recently ended quarter, calming investors worried about the toll of competition from TikTok and eased pandemic restrictions. Meta said it made a profit of $7.5 billion on revenue of $27.9 billion in the first three months of this…

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