![]() Meta said it expects Reality Labs operating losses in 2023 to “grow significantly year-over-year. Cox in his memo also said that Meta was continuing to focus on investing in Reels the TikTok-like video product featured heavily in Instagram as well as improving artificial. 6:02 AM EST Updated at 1:46 pm EST Meta Platforms ( META) - Get Free Report shares soared higher Thursday, after the social media group unveiled plans for a 40 billion stock. ![]() Meta’s Reality Labs unit, which includes its metaverse and virtual reality efforts, had an operating loss of $3.67 billion in the third quarter, compared with a loss of $2.63 billion a year earlier. She added that “Meta would benefit from less priority on the metaverse and more on fixing its core business.” Today it’s no longer that innovative groundbreaker.” ELECTRONIC COMMERCE Readiness check ACCORDING TO RESEARCH by Meta Group. “As Facebook Inc., it was a revolutionary company that changed the way people communicate and the way marketers interact with consumers. Visio's latest product, Visio Enterprise 5.0, provides IT professionals with a. This is an unofficial community dedicated to news, discussion and help relating to Facebook & Meta. ![]() “To return to stronger growth, Meta needs to turn its business around,” said Insider Intelligence analyst Debra Aho Williamson. China produces around 60 of the worlds germanium, according to European industry association Critical Raw Materials Alliance (CRMA), with the rest coming from Canada, Finland, Russia and the. 92K subscribers in the facebook community. It is important to focus on growing Facebook's short-video product, he said. The company had about 87,000 employees as of Sept. At a company-wide virtual meeting, Zuckerberg explained that the historic stock drop was a result of Meta's weak forecast for revenue in the current quarter, according to a person who attended and was not authorized to speak about it. Meta said it expects staffing levels to stay roughly the same as in the current quarter - a departure from previous years’ double-digit workforce growth. Meta investor Altimeter Capital called on the company to cut its staff and to limit its investments on expanding into the virtual reality metaverse world in an open letter published Monday. “We’re approaching 2023 with a focus on prioritization and efficiency that will help us navigate the current environment and emerge an even stronger company.” “While we face near-term challenges on revenue, the fundamentals are there for a return to stronger revenue growth,” Zuckerberg said in a statement.
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