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Monday, February 26, 2024

Meta loses $3.7B in Q3 in metaverse-focused Reality Labs division

Meta reported that it lost $3.7 billion in the third quarter in its metaverse-focused Reality Labs division. In its quarterly analyst call, Susan Li, chief financial officer at Meta, said the company had about $210 million in revenue in the quarter, down 26% due to lower Meta Quest 2 sales in …

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