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Reality Labs

Reality Labs latest

Despite losses in reality labs, Meta platforms reports strong Q1 2023 earnings
April 28th, 2023 - 11:32 GMT

Meta reports strong earnings in 1st quarter

ALBAWABA - Meta Platforms reported profits in the first quarter of the year and forecast positive projections for the future, despite ongoing losses in its Reality Labs unit. The social media company said its earnings reached $5.71 billion in three months ending in March this year. Revenues stood at $28.65 billion during the same period, Meta reported. But it pointed out that its Reality Labs unit incurred an operating loss ...
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