The latest losses are not abnormal, as the unit has suffered a combined net loss of $17.7 billion over the previous five quarters
Here’s how crypto gamblers on Polymarket feel about this hurricane season, Zuck vs. Musk and BlackRock’s bitcoin ETF
Meta, led by metaverse-obsessed CEO Mark Zuckerberg has released its earnings for 2022’s fourth quarter, and it doesn’t look good
Meta’s stock price was down about 15% in after-hours trading, as of 5:15 pm ET
US Senators asked CEO Mark Zuckerberg to detail its current policies and practices to remove crypto scammers by Oct. 24
CEO Mark Zuckerberg is taking flack over ‘Horizon Worlds’ progress, dimming company’s prospects
The social network will also integrate with Coinbase Wallet and Dapper Wallet
Meta CEO Mark Zuckerberg said its metaverse ambitions represent a “very expensive undertaking,” but he sees trillions in unlocked value
Head of Instagram shared initial details of the test run via Twitter, stating that more will be revealed next week
The company’s Reality Labs division brought in $695 million in revenue, exceeding analyst expectations
The function prevents digital avatars from coming within a 4-foot distance from one another to “avoid unwanted interaction,” according to a company exec
Analysts project the company’s total metaverse spending will eclipse $60 billion
The tech giant is steering clear of the concept for now, calling it completely “off limits,” according to Bloomberg’s Mark Gurman
“[Facebook] is an iconic social media brand, but increasingly it just doesn’t encompass everything that we do,” the CEO said.
“This is not an investment that is going to be profitable for us anytime in the near future,” Zuckerberg said during the company’s third-quarter earnings call on Monday.