Meta

Roses Are Red, Meta Is Blue, Reality Labs Lost $4.5 Billion in Q2

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What can we say about Reality Labs at this point? The struggling AR, XR, and Metaverse division continues to double as a cash-hungry furnace within parent company Meta. The company lost $4.5 billion in its second quarter ended June 30, 2024. That's significantly higher than the $3.7 billion loss it posted in the same period … Read more

Meta Shuts Down Quest Developer Ready at Dawn

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Second Android CentralDeveloper Ready at Dawn no longer exists. The elimination of the study was reportedly done to maintain the equally struggling Reality Labs within the new budget constraints. A Meta representative also told the outlet that these cuts did not herald a broader elimination for its first-party studios. Ready at Dawn was founded in … Read more