Search

Nalezeno "Meta": 389

Facebook Has Lost $1 Billion Every Month On VR Since June 2022

26.4.2024
Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that since June 2022, the metaverse-focused division has lost a billion dollars per month, and Meta expects...

Meta’s letting Xbox, Lenovo, and Asus build new Quest metaverse hardware

25.4.2024
Each company has its own special plans for the Quest mixed-reality device

Meta Faces Tough Market Response as AI Investments Surge and Metaverse Losses Continue

25.4.2024
Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company anticipates its expenses will soar to between $96 billion...

Meta drops 15% on weak outlook and high AI and metaverse spending

25.4.2024
Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI products

EU Launches Probe into Tech Giants Apple, Google, Meta, and Amazon Over Digital Markets Act Violations

25.3.2024
The European Commission has begun an extensive investigation targeted at Apple, Amazon, Alphabet, and Meta over non-compliance practices under the new Digital Markets Act (DMA). The notice of the inquiry was disclosed by the commission on March 25, and it represents the EU’s first major attempt...

DOJ Charges Texas Man for Orchestrating $10 Million Meta-1 Coin Scam

21.3.2024
Texas resident Robert Dunlap has been arrested on federal mail fraud charges in connection with the “Meta-1 Coin” scam that saw investors drained of over $10 million, the Department of Justice reveals. The alleged fraudster had claimed the token was backed by $44 billion in gold and priceless...

Sui Overtakes Aptos, Cardano in Value Locked; Sees $310M Inflow in 30 Days

19.2.2024
Sui, the layer 1 blockchain built by a group of former Meta (META) employees, has experienced a cascade of inflows this month in a spike that has seen it overtake Cardano, Near and Aptos in terms of total value locked (TVL)

Apple Vision Pro Not The ‘New Frontier For Masturbatory Technology’ After All

5.2.2024
Apple Vision Pro, the massive tech company’s foray into the VR headset space that hit stores just a few days ago, is very expensive. It’s an impressive piece of tech (hence the price tag), that you can use for working from home (by virtually pinning windows all over your house, take that...

Meta’s Reality Labs Reports $4.65 Billion Operating Loss in Q4 2023 as Metaverse Efforts Continue

2.2.2024
Meta subsidiary Reality Labs, which focuses on the development of the metaverse, recorded a significant operating loss of over $4.6 billion in the fourth quarter of 2023. In its fourth-quarter report, released on February 1, Meta revealed that Reality Labs reported a loss of $4.65 billion during...

AI Tokens Up After Meta Beats Analyst Expectations

2.2.2024
Mark Zuckerberg's Meta said it was pivoting away from Metaverse to Artificial Intelligence in early 2023

Peeling Back the Layers: Ensuring AR Remains a Tool for Expression, Not Manipulation

26.1.2024
With the launch of Apple’s Reality Pro headset just a few days away, Augmented Reality (AR) is the topic on everyone’s minds. But the buzz isn’t baseless – the possibilities of AR technology are breathtaking! Fancy the new MSG Sphere in Las Vegas? Imagine having one in your own backyard!...

Why Does Maxine Waters Care About Meta’s Crypto Patents?

23.1.2024

Maxine Waters Questions Meta’s Digital Asset Ambitions

23.1.2024
Maxine Waters has sent a probing letter to Meta, querying the tech giant’s recent spate of trademark applications related to digital assets and blockchain technology. Maxine Waters Suspects Meta’s Renewed Interest in Digital Assets Through Trademark Filings Maxine Waters, the ranking...

Democrat Rep. Maxine Waters Raises Concerns Over Meta’s Continued Crypto Ventures

23.1.2024
Rep. Maxine Waters has expressed significant concerns over Meta’s continued involvement in the digital asset sector. In a detailed letter addressed to Meta CEO Mark Zuckerberg and COO Javier Olivan, the California Democrat, known for her critical stance on Meta’s previous cryptocurrency...

Congresswoman Maxine Waters Questions Meta’s Ongoing Crypto Efforts

22.1.2024
A letter sent to the tech giant said it still has five active patents related to cryptocurrencies, despite the firm saying that it has no digital assets-related works ongoing

Meta’s Quest 2 VR Headset Is Cheaper Than Ever

2.1.2024
First the price went up, and now, following the release of a newer headset from Meta, the very popular Meta Quest 2 has dropped to a new low of $250, making it a much easier buy for the VR-curious. Read more

Mark Zuckerberg’s $100 Million Bunker Sounds Right Out Of A Video Game

18.12.2023
Mark Zuckerberg is worth over $100 billion. What does the world’s sixth-richest person do with all that money, besides lighting lots of it on fire to try to bring a Ready Player One-style metaverse to life? Apparently, he builds a sprawling mansion complex with a massive underground bunker that...