Meta’s Reality Labs posts $4.4 billion loss in third 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 | ReutersDespite 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 reported third-quarter earnings on Wednesday, in which it said its Reality Labs unit,...
Read more at cnbc.com