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

Meta's Reality Labs posts $3.85 billion loss in first quarter

Facebook co-founder and chief executive, Mark Zuckerberg, speaks at an Oculus developers conference while wearing a virtual reality headset in San Jose, California.Glen Chapman | AFP | Getty ImagesMeta shows no signs of substantially trimming its losses from investing in the metaverse, as competition heightens between the Facebook parent and Apple in the virtual reality market.In its first-quarter earnings report Wednesday, Meta disclosed that its Reality Labs unit recorded a $3.85 billion opera...

Read more at cnbc.com

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