Meta Reality Labs

Meta Platforms Inc. (NASDAQ:META) has laid off an undisclosed number of employees from its Reality Labs division, which focuses on developing virtual and augmented reality technologies. What Happened: The layoffs primarily affected the Oculus Studios unit of the Reality Labs division,...

During Meta Platforms Inc.’s (NASDAQ:META) second-quarter earnings call, Mark Zuckerberg said that Quest 3 would become the first mainstream accessible device bridging the gap between the physical and virtual worlds, despite others in the industry like ...

Meta Platforms Inc (NASDAQ:META) CEO Mark Zuckerberg said at the company's first-quarter earnings call on Wednesday that the company is focusing on both the Metaverse and artificial intelligence. What Happened: "A narrative has developed that we're somehow moving away from focusing on...

Meta Platforms Inc. (NASDAQ: META) has embraced the “efficiency” mantra, the premise behind the two rounds of massive job cuts announced by the company. Zuckerberg’s Hits & Misses: Meta CEO Mark Zuckerberg’s efficiency drive is to increase profitability to...