Tag Archives: Reality Labs

Meta's AR and VR division has been burning money for a long time, costing the company billions as it chases its dream of birthing the ‘metaverse'. Now, company bosses are looking to bring the costs down and make its Reality Labs team more efficient.  According to sources speaking with Bloomberg, …

Meta's Reality Labs business has been bleeding money for years at this point, although so far, company executives have been happy to continue footing the bill with the goal of expanding the mixed reality device market. However, Meta is now restructuring the unit, splitting it into two distinct groups with …