Category: Meta earnings

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Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback

February 2, 2023

During a Q4 earnings call, Mark Zuckerberg said he saw no reason to deviate from the company’s long-term metaverse strategy. Meta founder and CEO Mark Zuckerberg says the company has no plans to change its long-term strategy for the metaverse, despite operating losses for its Reality Labs business peaking in 2022. Meta on Feb. 1 released…
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Meta’s Reality Labs Reports $3.6 Billion In Losses, When Will It End?

October 27, 2022

Meta (formerly Facebook) officially declared its entry into the metaverse space last year with the Reality Labs division. Its announcement had understandably triggered the popularity of metaverse projects and their tokens during this time, as a lot went on to rally to billions of dollars in market cap. However, while Meta had been able to…
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