PYMNTS-MonitorEdge-May-2024

Reality Labs

Meta’s Zuckerberg Touts AI Progress but Warns of ‘Serious Infrastructure’
Meta’s Zuckerberg Touts AI Progress but Warns of ‘Serious Infrastructure’
October 30, 2024  |  Meta

The old saying is you’ve got to spend money to make money. For Meta, notching a third quarter earnings report with record revenues, the fact...

READ MORE >
Metaverse Companies Struggle With Declining Values, Complexity
Metaverse Companies Struggle With Declining Values, Complexity
August 07, 2024  |  Metaverse

The metaverse may not be living up to the lofty promises that captured the attention of enthusiasts. The metaverse, an interconnected system of digital worlds...

READ MORE >
Meta Earnings Announcement Goes Big on AI
Meta Earnings Announcement Goes Big on AI
April 24, 2024  |  Meta

If anyone had any doubts about Meta’s long-term commitment to artificial intelligence (AI), they were erased in the first minute of the company’s earnings call on Wednesday (April...

READ MORE >
Zuckerberg Dubs 2023 Meta’s ‘Year of Efficiency’ as Reality Labs Revenue Crosses $1B Mark
Zuckerberg Dubs 2023 Meta’s ‘Year of Efficiency’ as Reality Labs Revenue Crosses $1B Mark
February 01, 2024  |  Earnings

Meta CEO Mark Zuckerberg dubbed 2023 the “year of efficiency” as the social media giant’s Reality Labs division, which has been losing billions over the...

READ MORE >
Meta’s AI Investments Ramp Up as Reality Labs Loses Billions 
Meta’s AI Investments Ramp Up as Reality Labs Loses Billions 
October 25, 2023  |  Meta

Artificial intelligence (AI) is the focal point in the year ahead for Facebook’s parent company Meta Platforms. “In terms of investment priorities,” CEO Mark Zuckerberg...

READ MORE >
‘Mess’ Reported at Meta as Company Plans New Layoffs
‘Mess’ Reported at Meta as Company Plans New Layoffs
February 12, 2023  |  Meta

Meta CEO Mark Zuckerberg’s “year of efficiency” is reportedly off to a rocky start. The company has delayed the budgets for several of its teams...

READ MORE >
Meta Is Losing Over $1B a Month on Metaverse Strategy
Meta Is Losing Over $1B a Month on Metaverse Strategy
February 01, 2023  |  Meta

Mark Zuckerberg’s expensive pivot toward building a virtual world continues to be just that — expensive. “None of the signals I see in today’s environment...

READ MORE >
Metaverse Will Keep Getting 20% of Meta’s Investments 
Metaverse Will Keep Getting 20% of Meta’s Investments 
December 19, 2022  |  Meta

Meta will continue to devote 20% of its investments to its metaverse business.  While that share goes to its business devoted to such projects —...

READ MORE >
Meta Invests in Metaverse Plans Amid Sweeping Layoffs
Meta Invests in Metaverse Plans Amid Sweeping Layoffs
November 09, 2022  |  Meta

In the middle of the first mass layoffs in its history, Meta is set to purchase Audio Analytic as part of CEO Mark Zuckerberg’s metaverse ambitions....

READ MORE >