Jonathan Vanian / CNBC:

Meta reports Reality Labs Q1 revenue of $402M, vs. $488.8M est., and a $4.03B operating loss, vs. $4.82B est.; Reality Labs has $80B+ in losses since late 2020  —  As Meta pumps increasing amounts of cash into artificial intelligence, the company's metaverse efforts continue to bleed money.

Jonathan Vanian / CNBC:

Meta reports Reality Labs Q1 revenue of $402M, vs. $488.8M est., and a $4.03B operating loss, vs. $4.82B est.; Reality Labs has $80B+ in losses since late 2020  —  As Meta pumps increasing amounts of cash into artificial intelligence, the company's metaverse efforts continue to bleed money.

Source: TechMeme
Source Link: http://www.techmeme.com/260429/p50#a260429p50