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Blog
Forget the metaverse, AI is the money-spinner at Meta: Reality Labs lost $4.4 billion this quarter, but Mark Zuckerberg’s sharpened AI focus is delivering results – and there’s more to come with Llama 4 on the horizon
Meta posted strong financial results for the third quarter, indicating AI continues to be the company’s north star and driving significant revenue growth. The social media giant reported it generated $40.6 billion in sales, marking 19% year-on-year growth and outpaced analyst expectations that projected the company would only muster $40.19 billion in the quarter. Meta saw growth in user engagement,…
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Blog
Meta layoffs hit staff at WhatsApp, Instagram, Reality Labs divisions
Meta is reportedly laying off workers across several divisions as part of a continued cost-cutting drive. First reported by The Verge, roles at WhatsApp, Instagram, and the Reality Labs units are among those in the firing line. The move from Meta appears to coincide with an ongoing reorganization scheme within specific teams. Some workers have taken to social media in…
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