👩🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔♂️ A friendly human may check it before it goes live. More news here
🧔♂️ A friendly human may check it before it goes live. More news here
Meta’s Reality Labs reports nearly $5b loss in Q4
Meta’s Reality Labs division, which focuses on virtual reality (VR) and augmented reality (AR) technologies, reported an operating loss of US$4.97 billion in the fourth quarter of 2024.
The division generated US$1.1 billion in revenue, slightly exceeding analysts’ expectations, who predicted a loss of US$5.4 billion.
The division has accumulated over US$60 billion in operating losses since its establishment in 2020, raising concerns among Wall Street analysts regarding Meta’s long-term commitment to the metaverse.
Looking forward, Meta plans to invest between US$60 billion and US$65 billion in capital expenditures in 2025.
Recent Meta developments
| Timeline |
|---|
30-Jan-2025 📊 Meta Q4 hits $48.4b revenue amid AI spending scrutiny
|
26-Jan-2025 📱 Meta begins testing ads on Threads in US, Japan
|
25-Jan-2025 🤖 Meta builds data center, invests $65b in AI growth
|
23-Jan-2025 🔗 Meta links WhatsApp to Instagram, Facebook
|
23-Jan-2025 💰 Meta joins $10b funding for Databricks
|
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.