Meta’s Reality Labs posts $2.9B loss: ‘I recognize it’s expensive,’ says Zuck
Meta’s Reality Labs division posted a $2.9 billion loss in Wednesday’s Q1 earnings call, but Zuckerberg remains optimistic about future profitability from the Metaverse.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Meta’s Reality Labs division posted a $2.9 billion loss in Wednesday’s Q1 earnings call, but Zuckerberg remains optimistic about future profitability from the Metaverse.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Tether posts $1.5 billion Q3 profit as reserve buffer nearly doubles
Tether's robust profit and reserve growth enhance its stability, but its reliance on interest rates ties its fortunes to market fl...
Blockchain Firms Link North Korea to $6.3 Billion Binance Hack
Bitcoin Magazine Blockchain Firms Link North Korea to $6.3 Billion Binance Hack Blockchain analysis firms Chainalysis and TRM Labs...
What to Know About the $6.3 Billion Binance Hack
▶Bitcoin Magazine What to Know About the $6.3 Billion Binance Hack The biggest crypto-related hack in history by dollar volume jus...
Binance Details $6.3B Hot-Wallet Breach as Exchange Pledges to Cover Losses
TL;DR: The company reported approximately $3 billion of affected assets frozen on-chain through coordination with issuers, investi...
Bitcoin’s Rebound Drove Most of Tether’s $3.8 Billion Reserve Recovery
Tether held $7.95 billion more in reserves than it owed USDT holders on Sept. 30, up about $3.85 billion from the end of June, the...
Michael Saylor Sees Stronger Crypto Security After Binance’s $6.3 Billion Hack
Michael Saylor expects the crypto industry to strengthen security after Binance’s $6.3 billion hack. The Strategy executive chairm...