News Score: Score the News, Sort the News, Rewrite the Headlines

Meta’s Reality Labs posts $4.53 billion loss in second quarter

Meta CEO Mark Zuckerberg presents Orion AR Glasses as he makes a keynote speech during the Meta Connect annual event at the company's headquarters in Menlo Park, California, on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta's Reality Labs, the unit tasked with building the futuristic metaverse, continues bleeding money.The social media company reported its second-quarter earnings on Wednesday and revealed that Reality Labs logged an operating loss of $4.53 billion while recording $370 million in s...

Read more at cnbc.com

© News Score  score the news, sort the news, rewrite the headlines