Meta expects Reality Labs to continue losing money
Meta expects Reality Labs to keep losing money, but sees long-term benefits.
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Facebook (META) currently losing money on Reels despite the feature's popularity
Mark Zuckerberg revealed that while Reels is a popular feature, the company needs to improve its 'monetization efficiency' to better capitalize on its popularity.
Facebook (META) announces $40 billion increase to share buyback program
In its Q4 earnings report, Facebook announced an increase to its share buyback program.
Facebook Reality Labs lost $13.7 billion in 2022
In addition to losing money, Reality Labs employees were among those affected by layoffs during Q4 2022.
Facebook (META) averaged 2 billion daily active users (DAUs) during Q4 2022
The daily active user count is up slightly from the previous financial quarter.
Facebook (META) Q4 2022 earnings results beat revenue expectations
It would seem that Meta was able to put up winning numbers when it came to revenue expectations for its Q4 2022 earnings results.
Listen to the Facebook (META) Q4 2022 earnings call here
Tune in to see how Facebook (META) performed over the last quarter with its Q4 2022 earnings call.
Roblox may be coming to Meta Quest in 2023
Rumors hint at game platform and creation system Roblox coming to Meta Quest in late 2023.
Meta plans to stop Quest 1 VR headset support in 2024
While new features will stop, the original Quest will still receive security updates until 2024.
Irish data protection authorities fine Meta more than $400 million over EU privacy laws
The Irish Data Protection Commission hit Meta with a fine of around $400 million USD after it found Facebook and Instagram in violation of EU privacy laws.
