Meta CTO Andrew Bosworth internally announced a reorg of Reality Labs on Monday.
The Reality Labs division put up losses of $4.97 billion in Q4 2024 alone.
Meta’s Reality Labs division houses its metaverse and XR groups, and some of its AI initiatives. During its Q4 2024 earnings call, Meta revealed that Reality Labs reached a record $1.08 billion ...
Meta’s Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales during the fourth ...
Meta chief technology officer Andrew "Boz" Bosworth said in an internal memo shared with Business Insider that the company's Reality Labs division needs to turn things around in a big way in 2025 ...
Meta's Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales during the fourth quarter. Meta CEO Mark Zuckerberg kick-started his company's virtual ...
Meta's Reality Labs saw significant growth in 2024 with a 40% increase in sales, beating many targets. The division's success was highlighted by strong sales in wearables and holiday demand for ...
Leaked memo from Meta's CTO teases a big year for Reality Labs Meta could launch several AI wearables, and new mixed-reality apps The memo says 2025 will decide if Reality Labs' efforts "will go ...
Meta's Q4 results show steady growth. The company has exceeded expectations in revenue across departments least likely to be profitable, including its Reality Labs division.
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