Meta
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2Fmark-zuckerberg.jpg&w=1536&q=40)
Reality Labs notched over $1 billion in revenue during Q4 last year, up from $727 million in 2022’s Q4
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F09%2Fbitcoin-global-solution.jpg&w=1536&q=40)
Lightspark CEO David Marcus aims to address the absence of a worldwide internet protocol for global money transfers
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F08%2Fdavid-marcus-lightspark.jpg&w=1536&q=40)
David Marcus noted that while crypto projects tackle complex technical issues, many lack real-world relevance
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F08%2Fpaypal-sign.jpg&w=1536&q=40)
With strong regulatory relationships, an established reputation and history as a guide, PayPal may be better equipped to launch a stablecoin than Meta
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F07%2Fmark-zuckerberg-meta.jpg&w=1536&q=40)
The latest losses are not abnormal, as the unit has suffered a combined net loss of $17.7 billion over the previous five quarters
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F06%2Feucrypto.jpg&w=1536&q=40)
The European consumer group noted Elon Musk’s changing of the Twitter symbol to the dogecoin logo in its crypto complaint to the EU
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F04%2Fmark-zuckerberg-meta.jpg&w=1536&q=40)
The tech giant’s Reality Labs unit has now lost roughly $17.7 billion since the start of 2022
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F03%2FMeta-NFTs.jpg&w=1536&q=40)
Meta, according to a executive, is looking to “focus on areas where we can make impact at scale”
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F03%2Fhiring.jpg&w=1536&q=40)
Crypto might appear bleak in the depths of the bear market, but there’s major moves being made behind the scenes
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F02%2Fmark-zuckerberg-meta.jpg&w=1536&q=40)
Meta, led by metaverse-obsessed CEO Mark Zuckerberg has released its earnings for 2022’s fourth quarter, and it doesn’t look good
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F11%2FCommunity-Labs-Tate-Berenbaum.jpg&w=1536&q=40)
Blockworks exclusive: “Venture Studio” will be designed to guide entrepreneurs through the process of launching a startup on the Arweave blockchain
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F08%2F2022-08-19-Google-shutterstock_2152351697.png&w=1536&q=40)
Third-quarter earnings are coming in below expectations, and tech companies are pointing the finger at crypto
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F10%2Fmarkets-update-bitcoin-oil-gold-1-2.jpg&w=1536&q=40)
The S&P 500 and tech-heavy Nasdaq are up about 8% and 3%, respectively, for the month of October, but this week could erase gains
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F10%2Fvolatile-markets-1-2.jpg&w=1536&q=40)
Bitcoin, known for its volatility, has only lost 18% or more in one day on 10 occasions over the last 10 years, and only twice in the last 5 years
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F09%2Fshutterstock_1098814574-scaled.jpg&w=1536&q=40)
This feature is available to all US Facebook and Instagram users and those in 100 other countries
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F04%2FElizabeth-Warren-2.jpg&w=1536&q=40)
US Senators asked CEO Mark Zuckerberg to detail its current policies and practices to remove crypto scammers by Oct. 24
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F08%2FMark-Zuckerberg-Meta-Facebook.jpg&w=1536&q=40)
Meta first revealed its plans to expand into the NFT space in May 2022 and reported losing $5.7 billion on its metaverse plans so far this year
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F08%2F2022-08-18-Horizon-Worlds.png&w=1536&q=40)
CEO Mark Zuckerberg is taking flack over ‘Horizon Worlds’ progress, dimming company’s prospects
Get the daily newsletter that helps thousands of investors understand the markets.