Apple and Meta’s looming headset war
Welcome to This Week in the Metaverse, where Fortune rounds up the most interesting news in the world of NFTs,...
Metas
Meta’s Decentralized Twitter Killer Could Arrive in June
Social media juggernaut, Meta, is set to launch its decentralized Twitter alternative in late June, according to some reports. The...
Meta’s Zuckerberg says he is keeping focus on metaverse despite losses
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the social media giant is not moving away from its metaverse...
Meta’s Metaverse Unit Reality Labs Suffered $4B Loss in Q1 2023
Meta’s Reality Labs recorded a loss of $4 billion in the first quarter of 2023. The loss follows an annual...
Losses from Meta’s Metaverse Unit Continue to Pile Up, Hitting $4B in Q1
The metaverse-focused division within the company formerly known as Facebook continues to bleed, this time posting a quarterly net loss...
Meta’s Decentralized Text-Based App to be an Instagram Offshoot
Mark Zuckerberg-led social media giant – Meta – is developing a decentralized text-based app called Codenamed P92. According to a...
Meta’s metaverse division Reality Labs posts wider loss of $13.7 billion in 2022
Meta Platforms Inc., the former Facebook, said losses at its Reality Labs division developing virtual reality technologies widened last year,...
Meta’s Mark Zuckerberg is still optimistic about the metaverse
Meta Platforms Inc., Chief Executive Officer Mark Zuckerberg, said that he remains optimistic about the future of the metaverse over...
Meta’s Metaverse Division Loses Nearly $3.7B in Q3
Reality Labs’ Q3 numbers follow the business’s losses of $2.9 billion and $2.8 billion in the year’s first and second...
Meta’s flagship metaverse said to fall short of performance expectations
Meta Platforms Inc.’s internal documents show the company’s metaverse platform Horizon Worlds is underperforming in terms of attracting and maintaining...
