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The Latest Breaking News from Reality Labs

Meta finally realizes the Quest is for gaming, not for the Metaverse

Meta might be laying off more people across the company but its gaming divisions are said to be safe from the turmoil.

Android Central

Mark Zuckerberg Delivers Very Bad News

Meta Platforms, the billionaire's social media empire, will reportedly cut thousands more jobs.

The Street

Mark Zuckerberg Is About to Deliver Very Bad News

Meta Platforms, the billionaire's social media empire, will reportedly cut thousands more jobs.

The Street

From analysis to the latest developments in health,
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Three of Meta’s top execs—including Mark Zuckerberg—are now spending most of their time on A.I.

The company behind Facebook and Instagram has no plans to sign the proposal to temporarily ban the development of advanced A.I., the Reality Labs chief confirmed.

Fortune

Tech companies have been pouring billions into VR tech that teens don't really care about

Only 4% of teens use VR devices daily, according to a new survey, but companies like Facebook parent Meta continue to pump money into the tech.

Fortune

Mark Zuckerberg Quietly Buries the Metaverse

The CEO of social-media giant Meta has sworn by AI, popularized by the chatbot ChatGPT.

The Street

Mark Zuckerberg and Wall Street are finally meeting in the middle on the metaverse

The Meta chief executive satisfied investors Wednesday by pledging to trim costs, but he’s still all-in on Reality Labs.

Fortune

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Meta's Reality Labs lost $13.7 billion in 2022—and just reported its worst quarter ever

CEO Mark Zuckerberg said the metaverse remains one of the company's top priorities.

Fortune

Thursday briefing: Mark Zuckerberg’s Meta cuts 11,000 jobs – is the Facebook founder’s empire falling?

In today’s newsletter: The social media titan is having its first major wave of layoffs since it began in 2004 – and it’s not the only tech company facing problems.

The Guardian - UK

Why Mark Zuckerberg had to announce 11,000 job cuts at Meta

Company thought rise in online activity would last, rivals stole its users, and metaverse was too uncertain for shareholders

The Guardian - UK

Disney is still on track for streaming profitability—but a storybook ending isn’t guaranteed

The worsening economy and sky-high losses add to concerns about Disney’s ability to make money off streaming.

Fortune

'I'm Especially Sorry' Apologizes Mark Zuckerberg

The CEO of Meta Platforms offers a mea culpa after long months of stubbornly pursuing a strategy rejected by investors.

The Street

Meta To Slash 11,000 Jobs In First Big Downsizing At Facebook Parent As Metaverse Losses Mount

"I want to take accountability for these decisions and for how we got here," said CEO Mark Zuckerberg.

The Street

Want social media companies to step up their election game? Give them a financial reason

Researchers are sounding alarms about disinformation ahead of Tuesday’s midterms, but social media consumers are voting with their eyes.

Fortune

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Fortune

Meta is reportedly preparing mass layoffs. Why anti-metaverse investors might be disappointed

The Facebook and Instagram can cut costs without undermining its core metaverse ambitions.

Benzinga

Meta Platforms Hits A 52-Week Low, But This Analyst Is Still Ultra Bullish

Tigress Financial Partners is aware of Meta Platforms Inc.'s (NASDAQ:META) ongoing ad-revenue headwinds as a result of economic uncertainty, as well as a recent change in Apple Inc.'s privacy rules, but the firm sees deep value in the company.What Happened: Tigress Director of Research Ivan Feinseth said a note to…

The Street

Mark Zuckerberg, the Metaverse and Us

Meta Platforms' CEO ignores Wall Street's demand to cut metaverse costs.

The Street

Does Zuckerberg Know Secret Of the Metaverse That Eludes Us?

Meta Platforms' CEO ignores Wall Street's demand to cut metaverse costs.

Get all your
news in one place.

100’s of premium titles.
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Benzinga

2023 An 'Investment Year' For Meta Platforms: Why These 6 Analysts Are Lowering Price Targets After Q3 Earnings

Analysts are lowering their price targets on Meta Platforms (NASDAQ: META) after the company reported third-quarter financial results Wednesday

The Street

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

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.

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