Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.

Reality Labs, the Meta unit that develops technology for the metaverse, lost $21.3 billion since January 2022. Operating costs for the unit were also down $3.7 billion last quarter.

Researchers at Meta Reality Labs and Stanford University have presented a new type of display that enables ultra-compact VR glasses.

However, in the same year, Reality Labs had spent a little under $8 billion, giving the whole division an operating loss of $6,600,000,000. That figure was worse in 2021 ($10b loss), 2022 ($10.1b ...

Reality Labs revenue rose 29% year over year to $270 million in the third quarter, below analysts' expectations of $310.4 million.

In 2022, Reality Labs lost $13.7 billion, in 2023, it lost $16.1 billion and so far for the first nine months of 2024, Reality Labs has lost $12.8 billion, on revenue of $1 billion.

Meta Platforms lost $10.2 billion in 2021 on its newly created Facebook Reality Labs (FRL) division, which comprises its augmented and virtual reality operations, according to its fourth-quarter ...

Reality Labs cost Meta $2.9 billion in the first quarter of 2022 and $3.3 billion in the final quarter of 2021. Zuckerberg told investors in an April conference call that the company would "slow ...

Reality Labs revisited 2017's Half Dome varifocal technology to explain how their research to improve focus has developed. This tech works like autofocus on a camera: it adjusts the clarity of an ...

Researchers at Meta Reality Labs have created a prototype VR headset with a custom-built accelerator chip specially designed to handle AI processing to make it possible to render the company’s ...

Meta is masking its business's profitability by spending so much on Reality Labs. The company makes about $0.33 in free cash flow from every revenue dollar, which jumps to almost $0.49 if you go ...