Tag: Meta
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Mark Zuckerberg’s Metaverse Faces $21.3 Billion Loss Since 2022!
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Meta, the company led by Mark Zuckerberg, recently reported its Q2 earnings, revealing significant challenges for the company’s Metaverse venture. The Metaverse, operated under Reality Labs, has incurred losses exceeding $21.3 billion since 2022, with an operating loss of $3.7 billion in its most recent earnings report.
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Tech Winter: Facebook Parent Meta Lays Off 11,000 Employees
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Facebook’s Meta Group is laying off more than 11,000 employees in the largest job cuts in its history. That is about 13 percent of the workforce, CEO Mark Zuckerberg announced on Wednesday. Zuckerberg noted that he had overestimated the online boom at the beginning of the corona pandemic and had…