#reality-labs
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#meta-platforms #meta #stock-performance #metaverse #layoffs #virtual-reality #artificial-intelligence #earnings
fromBusiness Insider
1 month agoMeta eyes budget cuts for its metaverse group as CEO Mark Zuckerberg doubles down on AI
Meta is planning budget cuts and considering job cuts as part of that across its metaverse unit, according to a person familiar with the matter. The company is considering budget cuts of up to 30% within its Reality Labs division, which could impact employees working on its virtual spaces platform, Horizon Worlds, according to the person Business Insider spoke to.
Tech industry
fromBenzinga
1 month agoMarket Analysis: Meta Platforms And Competitors In Interactive Media & Services Industry - Meta Platforms (NASDAQ:META)
Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers.
Business
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