Wednesday, April 30, 2025, 4:20 pm
Meta’s quarterly results revealed an intriguing blend of impressive revenue growth alongside a significant setback in its Reality Labs division. While soaring sales figures—including a blockbuster $42 billion in sales—drew cheers, the staggering $4.2 billion loss from Reality Labs added an ironic twist to an otherwise promising performance, leaving investors both impressed and amused.
Reddit: r/virtualreality
Bluesky: @sarahp.bsky.social, @techcrunch.com
Meta's stock has performed better than other Big Tech peers, falling only 5% year-to-date.
Facebook and Instagram parent company Meta Platforms Inc. delighted investors today as it crushed analyst’s targets on earnings and revenue, sending its stock higher in extended trading. The company reported first-quarter earnings before certain costs such as stock compensation of $6.43 per share,…
Instagram Threads, Meta’s X competitor, has now grown to over 350 million monthly active users, CEO Mark Zuckerberg revealed during the company’s Q1 2025 earnings call on Wednesday. That’s an increase of 30 million users since the prior quarter, where Meta reported that Threads had 320 million…
Meta Soars After Blowing Away Estimates, Hikes Capex Forecast In our preview of META's Q1 results this afternoon (ahead of which Goldman's desk had positioning as a 7 out of 10), we said that it feels like centuries ago that META had that 20-day winning streak in Jan/Feb with the name…
Meta’s Revenue Rises 16% in the First Quarter The Information
The tech giant’s outlook may allay investor concerns about the digital advertising market.
Meta’s Reality Labs posts $4.2 billion loss in first quarter
permalink / 7 stories from sources in 9 days ago #meta #earnings #technology
Google has agreed to a settlement of roughly $1.375 billion to settle allegations of invasive data tracking practices in Texas. Both reports detail the breach of users’ sensitive geolocation and privacy rights, marking another hefty reminder that digital privacy demands serious oversight—even if enforcement sometimes seems as elusive as a mirage. More...
Facing escalating U.S. tariffs, Apple appears to be quietly shifting iPhone production to Brazil through its Foxconn partnership. Despite Apple’s denials, industry insiders suggest this strategic relocation aims to stabilize prices and secure the supply chain, proving that when it comes to international trade, geography often trumps rhetoric. More...
Samsung has kicked off a high-profile unveiling of its long-anticipated superslim Galaxy S25 Edge, sparking excitement among tech enthusiasts. The event showcased the phone’s innovative design and cutting-edge features, setting the stage for a fiercely competitive market. Not exactly a revolution, but enough to make followers drool. More...
HR tech startup Rippling has astonished investors by reaching a $16.8 billion valuation following a $450 million Series G financing round. This meteoric rise, buoyed by savvy venture capital interest (YC reportedly being one of the backers), adds another chapter to today’s ever-expanding unicorn saga. More...
U.S. Customs and Border Protection is set to capture every face of drivers leaving the country with high-tech facial recognition that matches travelers against their passports. The agency’s ambitious plan has security officials applauding while privacy advocates raise an eyebrow at this unprecedented surveillance move. More...
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