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Tag: Reality Labs

Meta's Ad Business Is Still Expanding

Meta’s Ad Business Is Still Expanding

Meta’s CEO, Mark Zuckerberg, is set to pocket $175 million from the company’s first-ever dividend, benefiting top shareholders too. Mark Zuckerberg surprised everyone last week by apologizing during the Senate’s online kid safety session. A few days later, he made

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ByteDance Refutes Claims of Shutting Down VR Business

ByteDance Refutes Claims of Shutting Down VR Business

ByteDance, the parent company of social media juggernaut TikTok, has vehemently dismissed rumors suggesting the potential shutdown of its VR enterprise, Pico. With Pico headsets dominating 58% of the VR market in China, ByteDance’s affirmation comes at a pivotal time,

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Are Metaverse Offices Making a Comeback?

Are Metaverse Offices Making a Comeback?

The metaverse has been advertised as many things, from an interconnected gaming ecosystem to a virtual office where you can enjoy the benefits of physical co-working without the hassle of a morning commute. Meta has been one of the biggest

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Meta Seeks to Boost Its Metaverse Gaming Credentials

Meta Seeks to Boost Its Metaverse Gaming Credentials

Mark Zuckerberg’s Meta and its metaverse division Reality Labs are refocusing their efforts on gaming, according to sources within the organization. The news comes against the backdrop of significant cuts at the firm. Zuckerberg previously announced that 2023 would be

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Meta's Metaverse Bleeds Investor Billions

Meta’s Metaverse Bleeds Investor Billions

Meta lost $9.4 billion in the first nine months of the year in its metaverse unit Reality Labs and sees significantly wider operating losses going forward. But its not just Meta that is suffering in the technology sector. A slowing economy

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