In 2022, Reality Labs lost $13.7 billion ... He recommended that the company, even as it was investing in Nvidia Corp. GPUs, lower its capex by $5 billion. On Wednesday, Meta said it was on ...

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

Meta laid off employees in Reality Labs amid restructuring efforts in hardware and VR. The layoffs affected Oculus Studios and Supernatural, Meta's VR gaming and fitness apps. Meta's Reality Labs ...

Dan Reed, COO of Meta's Reality Labs, is stepping down after nearly 11 years. Reed's exit follows a major restructuring of Reality Labs, integrating it with Meta's core. Despite growth ...

Jeff Nicholas, the former creative director at Yuga Labs for the Bored Apes Yacht Club (BAYC), has expressed his excitement on X, noting that he will join Meta’s Reality Labs as an executive ...

There was so much growth across nearly every area of Meta’s business (with the exception of Reality Labs, its R&D division for the metaverse, which lost $3.7 billion in Q2) that Q2 was actually rather ...

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.

Meta Platforms Inc. is cutting jobs at its Reality Labs unit, which makes the company’s Quest mixed reality headsets and the software that powers them. The Facebook parent announced the layoffs ...

Jefferies analyst Brent Thill believes that Meta could make further cuts in its money-losing Reality Labs business, where it has reportedly already cut 100 jobs, according to Bloomberg.