The latest losses are not abnormal, as the unit has suffered a combined net loss of $17.7 billion over the previous five quarters

Here’s how crypto gamblers on Polymarket feel about this hurricane season, Zuck vs. Musk and BlackRock’s bitcoin ETF

Meta, led by metaverse-obsessed CEO Mark Zuckerberg has released its earnings for 2022’s fourth quarter, and it doesn’t look good

Meta’s stock price was down about 15% in after-hours trading, as of 5:15 pm ET

US Senators asked CEO Mark Zuckerberg to detail its current policies and practices to remove crypto scammers by Oct. 24

CEO Mark Zuckerberg is taking flack over ‘Horizon Worlds’ progress, dimming company’s prospects

The social network will also integrate with Coinbase Wallet and Dapper Wallet

Meta CEO Mark Zuckerberg said its metaverse ambitions represent a “very expensive undertaking,” but he sees trillions in unlocked value

Head of Instagram shared initial details of the test run via Twitter, stating that more will be revealed next week

The company’s Reality Labs division brought in $695 million in revenue, exceeding analyst expectations

The function prevents digital avatars from coming within a 4-foot distance from one another to “avoid unwanted interaction,” according to a company exec

Analysts project the company’s total metaverse spending will eclipse $60 billion

The tech giant is steering clear of the concept for now, calling it completely “off limits,” according to Bloomberg’s Mark Gurman

“[Facebook] is an iconic social media brand, but increasingly it just doesn’t encompass everything that we do,” the CEO said.

“This is not an investment that is going to be profitable for us anytime in the near future,” Zuckerberg said during the company’s third-quarter earnings call on Monday.