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The Latest Breaking News from Reality Labs

Facebook Employees Kind of Hate the Metaverse

No one seems to be with Zuck on this one.

The Street

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

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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

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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

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.

The Street

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

Evening Standard

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…

Benzinga

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.

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.

The Street

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

CNBC Instacart Confidentially Files For US IPO

Benzinga

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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.

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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…

Benzinga

Facebook Parent's Metaverse Division Loses Nearly $3B In Q1, But Mark Zuckerberg Wants To See It Through

Facebook parent Meta Platforms Inc (NASDAQ: FB) said in its first-quarter earnings report that its Facebook Reality Labs division incurred a loss of $2.96 billion in the period.

The Street

Meta Fourth-Quarter Earnings Live Blog

Real Money's Eric Jhonsa covers the Facebook parent's fourth-quarter earnings report and conference call with management.

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