meta Meta Unveils VR Prototypes Aimed at Passing the Visual Turing Test Meta reveals several new VR headset prototypes designed to achieve visual indistinguishability from reality. The company focuses on perfecting resolution, focal depth, HDR, and lightweight hardware to unlock true virtual presence.
meta platforms Meta Platforms Stock Plummets 24% Despite Strong User Engagement Meta Platforms experiences a massive stock drop following a Q3 earnings miss, largely driven by investor frustration over continued Metaverse spending. Despite the sell-off, the social media giant reports record-breaking user engagement and presents a potential buying opportunity.
meta Meta Reports First Revenue Drop, Plans to Slow Hiring Meta experiences its first-ever quarterly revenue decline, reporting a 1% drop in Q2 2022 sales alongside a 36% plunge in net income. CEO Mark Zuckerberg responds to the weak forecast by announcing plans to steadily reduce headcount growth over the next year.
meta Meta Reports Slowing Ad Revenue as Metaverse Losses Reach $2.9 Billion Meta Platforms generates $27.9 billion in Q1 revenue but experiences a 21 percent drop in net income amid ongoing economic challenges. The company's Reality Labs division loses $2.9 billion as CEO Mark Zuckerberg continues to invest heavily in metaverse technology.
meta Meta's Record $195B Stock Plunge Highlights Tech Giant Vulnerability Meta Platforms experiences a historic 22 percent stock drop, potentially erasing $195 billion in market value following disappointing earnings. Analysts warn that stiff competition from TikTok and slowing user growth signal deeper troubles for the social media behemoth.
meta Meta Suffers Record $237 Billion Market Cap Loss in U.S. History Meta Platforms loses over $230 billion in market value overnight as investors react to a weak ad revenue forecast and growing competition from TikTok.
meta Meta COO Sheryl Sandberg Resigns After 14 Years at Facebook Sheryl Sandberg steps down as Meta's chief operating officer, ending a transformative 14-year run at the company. She plans to transition to a role on the company's board of directors this fall.
meta Meta Reverses User Decline but Bleeds Billions on Metaverse Vision Meta reports a slight increase in daily active users after a historic drop last quarter, bringing relief to executives. However, the company faces massive financial losses in its Reality Labs division as it heavily funds its futuristic metaverse ambitions.
meta Meta Stock Surges 18% As Q1 Earnings Beat Expectations Meta shares jump in after-hours trading after the company reports first-quarter earnings that exceed profit estimates. However, the social media giant posts disappointing revenue growth and misses on several key user metrics.
meta Meta Posts Record $232 Billion Market Value Drop in U.S. History Meta loses a historic $232 billion in market value following a weak revenue forecast, marking the largest single-day plunge ever recorded in the U.S. stock market. The massive drop surpasses Apple's previous record as the company faces heavy financial losses from its metaverse investments.
meta Meta Faces Historic 200 Billion Dollar Market Value Wipeout Meta Platforms experiences a staggering 200 billion dollar loss in market capitalization, marking one of the worst single-day declines in stock market history. The massive drop follows a disappointing earnings report and shifting investor sentiment.
meta Meta Plunges in Historic Market Cap Loss After Facebook User Drop Meta experiences a record-breaking market value decline as Facebook reports its first-ever drop in daily active users. The historic loss raises serious concerns about the company's future growth and its expensive metaverse pivot.
meta platforms Meta Platforms Prepares to Reveal Billions in Metaverse Spending Meta Platforms reports fourth-quarter earnings with investors closely watching its massive financial commitment to the metaverse. The tech giant sacrifices short-term profits to build a futuristic digital environment.
meta Federal Judge Rules in Favor of Meta in Landmark FTC Antitrust Lawsuit A US district judge rules that the FTC fails to prove Meta currently holds a monopoly, ending the agency's bid to break up the tech giant. The FTC plans to appeal the decision.
facebook Facebook Parent Company Rebrands to Meta Amid Metaverse Push Facebook's parent company officially changes its name to Meta as CEO Mark Zuckerberg shifts focus toward building a virtual reality metaverse. The rebranding follows weeks of damaging public relations crises and internal document leaks.