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Meta wows Wall Street despite spending billions on AI and facing social media addiction tr
As Meta spends billions on artificial intelligence data centers and its CEO prepares to testify in a landmark social media trial, the company is earning a pretty penny. Meta reported strong financial results on Wednesday, beating Wall Street expectations of $58.59bn with $59.89bn in revenue for the fourth quarter of 2025. It reported earnings per...
Meta burned $19 billion on VR last year, and 2026 won’t be any better
Image Credits:David Paul Morris/Bloomberg / Getty Images 4:20 PM PST · January 28, 2026 Earlier this month, Meta laid off 10% of the staff for Reality Labs, its virtual reality unit, reportedly cutting as many as 1,000 employees. Now, in a development that seems directly related, the company has revealed that the unit lost many...
Meta warns of potential ‘material loss’ on eve of US addictive design trials | MLex | Spec
As Meta Platforms faces key trials in California and New Mexico in February on allegations that the addictive design of Facebook and Instagram caused a mental health crisis among US teens, the company's leadership repeated warnings that Meta risks "a material loss" in the outcome of the trials. Meanwhile, Meta said that its agreement with...
