Virtual reality was supposed to transform entertainment. At least, that was the expectation roughly a decade ago with the arrival of the Oculus Rift, the first virtual reality (VR) headset from the ...

Meta's core advertising business is thriving, with strong revenue growth and improved margins. Read why Reality Labs continues to struggle.

Meta’s (META) ambitious push into the metaverse is proving to be an expensive journey. In its latest quarter results, Meta’s Reality Labs division posted another steep loss, highlighting ...

Forrester Research analyst Mike Proulx said in an email that he sees Meta's Reality Labs business as a "leaky bucket," as its losses continue to grow, while revenue declined in the quarter.

In Meta's first-quarter earnings report on Wednesday, the company said its Reality Labs unit recorded an operating loss of $4.2 billion while bringing in $412 million in sales.

(KRON) — Facebook parent company Meta has laid off an unspecified number of people in its Reality Labs Division. The cuts have primarily impacted teams working at Oculus Studios, Meta’s… ...

Meta Platforms Inc. is laying off more than 100 people across its Reality Labs division focused on creating virtual reality and wearable devices, according to a person familiar with the matter.

Meta Platforms Inc. (NASDAQ: META) has laid off employees within its Reality Labs division, the unit responsible for the development of virtual and augmented reality technologies.

Meta has laid off staff in its Reality Labs division, according to CNBC. The layoffs include members of Oculus Studios, which develops VR content for Meta’s Quest headsets. A Meta spokesperson ...