Meta reports Reality Labs Q1 revenue of $402M, vs. $488.8M est., and a $4.03B operating loss, vs. $4.82B est.; Reality Labs has $80B+ in losses since late 2020
Jonathan Vanian /CNBC:
Meta reports Reality Labs Q1 revenue of $402M, vs. $488.8M est., and a $4.03B operating loss, vs. $4.82B est.; Reality Labs has $80B+ in losses since late 2020
Jonathan Vanian /CNBC:Forums:r/technologyForums:r/technology:Meta's Reality Labs lost over $4 billion in first quarter / The Reality Labs unit has now accumulated over $80 billion in total operating l...
Leaked memo: Meta's Reality Labs is reorganizing employees into AI-native “pods” focused on specific outcomes, as part of a shift toward a flatter organization
Charles Rollet /Business Insider:
Source: Meta on Wednesday laid off around 700 employees in the Reality Labs unit, as well as some in recruiting, sales, and Facebook
Meta on Wednesday laid off around 700 employees, a person with knowledge of the company said, the latest downsizing …
Source: Meta on Wednesday laid off around 700 employees in the Reality Labs unit, as well as some in recruiting, sales, and Facebook
Meta on Wednesday laid off around 700 employees, a person with knowledge of the company said, the latest downsizing as the Silicon Valley giant shifts its priorities toward artificial intelligence.
Meta confirms plans to lay off staff; sources say the cuts impact a few hundred people; a source says across Reality Labs, social media, recruiting, and sales
Meta Platforms will lay off a few hundred people across the company on Wednesday, according to two people familiar with the matter …
Reality Labs has lost $80B+, but it still makes all of Meta's hardware, and reflects Mark Zuckerberg's wish to run a business without Google or Apple middlemen
Sources: Meta is creating a new applied AI engineering organization that will have an ultra-flat structure and help bolster Meta's superintelligence efforts
Meta reports Reality Labs Q4 revenue of $955M, vs. $940.8M est., and a $6.02B operating loss, vs. $5.67B est.; Reality Labs now has $75B+ in losses since 2020
stock down ahead of Q4 results, AI spending biggest worry
Meta reports Reality Labs Q4 revenue of $955M vs. $940.8M est. and a $6.02B operating loss vs. $5.67B est.; Reality Labs now has $75B+ in losses since late 2020
stock down ahead of Q4 results, AI spending biggest worryAli Merchant /Investing.com:Meta Earnings Preview: Big AI Bets and Reality Labs Drag on OutlookForums:r/technology:Meta's Reality Labs posts $6...