Five new wild-but-true stories are coming in separate Netflix Trainwreck documentaries throughout July - a new one each week.

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. Where to invest $1,000 right now?

Meta is set to test all-time highs with upside from Reality Labs, store expansion, and VR content deals. Check out why META stock is a strong buy.

The virtual reality lab is located at Stellantis' CTC complex in Auburn Hills. The company says the lab helps it make improvements for workers at its assembly line stations as well as cut costs.

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

Reality Labs has reported cumulative losses of more than $60 billion since late 2020, including a loss of $3.85 billion in the first quarter of last year.

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.

Billions in losses Reality Labs has been a major financial drain for Meta, losing nearly $5 billion in Q4 2024 while generating only about $1.1bn in sales. Since its rebrand from Facebook, Meta has ...

Meta Platforms is laying off over 100 employees in Reality Labs, their VR division, including people making hardware and software.

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.