Despite producing one of the best VR headsets around, the Quest 3, Meta's Reality Labs division just isn't making any money. Nearly $2 billion of revenue in 2023 was completely swallowed by $18 ...

Meta’s metaverse ambitions may not be going as well as planned. The company’s Realty Labs division reportedly stopped work on a next-generation headset amid concerns the product wouldn’t sell well ...

The big picture: Meta recently posted excellent sales in its VR division while still recording a loss due to R&D. The company currently holds a dominant position in the VR market, but the landscape is ...