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![John Carmack exits Meta, stating he's 'wearied of the fight' [Update]](https://d1lss44hh2trtw.cloudfront.net/resize?type=webp&url=https%3A%2F%2Fshacknews-www.s3.amazonaws.com%2Fassets%2Farticle%2F2022%2F12%2F16%2Fjohn-carmack-at-quakecon-2009_688x387.jpg&width=100&sign=j6xoA0tK4AdQXbjEQqZj1SNGlEJ_ULY0SaLq3XoyDVE "John Carmack exits Meta, stating he's 'wearied of the fight' [Update]")
After an almost decade-long stint with the former Oculus, the id Software founder is leaving Meta. (Updated with John Carmack's full statement, which provides some much-needed context.)
Meta and Facebook platforms will host a VR concert which includes a 'hyperrealistic' avatar of deceased rapper Biggie Smalls.
In a letter released by Mark Zuckerberg, the CEO said the cuts were because 'revenue outlook is lower' and a push to operate more efficiently.
The company is now the worst S&P 500 performer for 2022.
Mark Zuckerberg confirmed in Meta's Q3 2022 earnings results and conference call that the next consumer-oriented Meta Quest HMD is in development.
The company anticipates Reality Labs operating losses in 2023 to "grow significantly year-over-year."
Meta came out ahead of expectations on total revenue, but it fell short on EPS as the company continues to invest deeply in VR and the metaverse.
Luckey recently shared that he believes the state of Meta's metaverse plans has potential, but it's currently far from ideal.
Tune in to the Facebook (META) Q3 2022 earnings call to hear how the company behind the Meta Quest Pro has performed.
The United Kingdom's CMA issued its final verdict after Meta attempted to appeal a prior ruling for it to sell off its $400 million acquisition of Giphy.
