Meta’s Reality Labs posts $4.4 billion loss in third quarter - CNBC

Meta's Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion in the third quarter.

By: CNBC

Nov 01 2024
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Despite Meta's successful showcase of its Orion prototype AR glasses in September, the social media giant continues to lose billions of dollars a quarter developing the still nascent metaverse. Meta… [+1798 chars]

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