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The Latest Breaking News from Reality Labs

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…

Facebook's Transformation Is Being Slowed by A Big Rival

Facebook's Transformation Is Being Slowed by A Big Rival

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

What Mark Zuckerberg Said That Calmed Investors

What Mark Zuckerberg Said That Calmed Investors

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

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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…

Asharq Al-Awsat

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.

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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