Meta's Reality Labs COO Dan Reed steps down after 11 years amid restructuring. The division faces pressure over $60 billion in losses since 2020.

Meta's Reality Labs division has lost nearly $50 billion in the last five years. Yahoo Finance spoke to several former employees about what's happening inside Mark Zuckerberg's virtual world.

Facebook owner Meta Platforms is laying off an unspecified number of employees from its Reality Labs division amid ongoing restructuring efforts, the company said on Thursday.

Meta's cash burn is becoming a problem again.Meta Platforms (META -0.98%) stock pulled back after its earnings report Wednesday night. The stock was trading down 3% after hours, even as the social ...

Recently, the Reality Labs division hit a milestone, which is more indicative of what kind of money pit it has become rather than terrific growth opportunity. Image source: Getty Images.

Reality Labs, the research arm of social media giant Meta Platforms, bled even more billions over the last quarter, but Meta boss Mark Zuckerberg says 2025 is the year for the metaverse. Meta’s ...

Overall, if Meta captured 23% of this market, its Reality Labs revenue in 2030 could be equal to the size of its FoA business in 2024. This doesn’t seem completely unreasonable, given the ...