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Latest in Meta’s Reality Labs posts $4.4 billion loss in third quarter

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  • Meta’s Reality Labs posts $4.4 billion loss in third quarter

    Meta's Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion in the third quarter.
    Business - CNBC - October 30
  • Trump Media & Technology Posts Third-Quarter Loss Ahead of Election Outcome

    Trump Media & Technology Posts Third-Quarter Loss Ahead of Election Outcome

    Chief Executive Devin Nunes said the company continues to explore additional possibilities for growth such as potential mergers and acquisitions, including in the realm of fintech.
    Business - The Wall Street Journal - November 5

  • With Reality Labs, Meta risks heading down slippery slope of overspending again

    Zuckerberg said that he is going to keep building out Meta’s infrastructure and data centers, because the opportunity is so huge, even if investors don’t like it.
    Business - MarketWatch - October 31

  • BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit

    British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.
    Business - CNBC - October 29

  • Oil giant Shell posts $6 billion profit beat, launches new share buyback program

    British oil giant Shell on Thursday posted a small year-on-year drop in third-quarter profit as a sharp drop in crude prices was offset by higher gas sales.
    Business - CNBC - October 31
  • Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15% from a year earlier

    Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15% from a year earlier

    Saudi Arabian oil giant Aramco has reported third-quarter profits of $27.5 billion, down about 15% from last year as low oil prices ate into its revenues
    World - ABC News - November 5

  • American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss

    American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.
    Business - CNBC - October 24

  • Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit

    Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.
    Business - CNBC - October 30
  • Airbnb Posts Higher Third-Quarter Revenue as Travel Demand Accelerates

    Airbnb Posts Higher Third-Quarter Revenue as Travel Demand Accelerates

    The short-term rental company posted higher revenue in the third quarter as North American travel trends improved.
    Business - The Wall Street Journal - November 7

  • Baidu posts 3% drop in third-quarter revenues, beating market expectations

    Beijing-based Baidu operates one of the major web browser search engines in China, along with a frequently used maps app.
    Business - CNBC - 5 hours ago
  • Intel Posts $16.6 Billion Quarterly Loss, Its Biggest Ever

    Intel Posts $16.6 Billion Quarterly Loss, Its Biggest Ever

    The Silicon Valley chip maker has struggled to turn around its fortunes after missing opportunities and poor execution.
    Tech - The New York Times - October 31

  • Phunware narrows quarterly loss amid revenue decline, and stock sinks further

    Phunware Inc. reported a narrowed loss in the mobile-advertising company’s third-quarter results after market close Thursday, although net revenue declined sharply from the same period last year.
    Business - MarketWatch - November 8
  • Meta's third-quarter profit surges 35% reflecting strong ad revenue and its AI push

    Meta's third-quarter profit surges 35% reflecting strong ad revenue and its AI push

    Meta Platforms Inc. has posted stronger-than-expected third-quarter results fueled by its advertising revenue growth and its push to incorporate artificial intelligence
    Tech - ABC News - October 30

  • HSBC announces fresh $3 billion share buyback as third-quarter earnings beat expectations

    Pre-tax profit came in at $8.5 billion, a 10% rise from the $7.7 billion posted a year ago.
    Business - CNBC - October 29

  • Global gold demand tops $100 billion for first time ever in third quarter

    Global gold demand climbed to a third-quarter record high, with the value of demand for the precious metal topping $100 billion for the first time ever, according to a report from the World Gold ...
    Business - MarketWatch - October 30

  • Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console

    Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.
    Business - CNBC - November 5

  • Oil giant Saudi Aramco posts 15% drop in third-quarter profit but maintains dividend

    Lower global oil prices, weaker demand and prolonged OPEC+ production cuts led by Saudi Arabia continue to impact crude prices.
    Business - CNBC - November 5

  • Intel Posts More Than $16 Billion Loss but Says Sales Outlook Is Improving

    The chip maker attributed nearly $16 billion in charges to its sweeping restructuring efforts. The company’s rosy sales forecast sent shares up about 8% after hours.
    Business - The Wall Street Journal - October 31

  • Deutsche Bank shares fall on doubling of third-quarter loan losses but profits rise

    Deutsche Bank’s pre-tax profits were lifted by a reduction in the provisions it has set aside to settle litigation related to its Postbank acquisition
    Business - MarketWatch - October 23
  • Anthony Richardson takes himself out of game in third quarter for fatigue in Colts' loss to Texans

    Anthony Richardson takes himself out of game in third quarter for fatigue in Colts' loss to Texans

    Richardson took himself out of the game for one play
    Sports - CBS Sports - October 27

  • Lucid slightly tops Wall Street's third-quarter expectations amid widening losses

    The company's net loss for the third quarter widened to $992.5 million compared to a loss of $630.9 million a year earlier.
    Business - CNBC - November 7

  • Novavax’s stock slides 7% as guidance cut offsets narrower-than-expected third-quarter loss

    Novavax Inc.’s stock fell 4% Tuesday after the company cut its full-year guidance, offsetting a narrower-than-expected third-quarter loss and better-than-expected revenue.
    Business - MarketWatch - November 12
  • Washington Post report: Subscriber loss after non-endorsement reaches a quarter million

    Washington Post report: Subscriber loss after non-endorsement reaches a quarter million

    The Washington Post has lost at least a quarter million subscribers since announcing last Friday it would not endorse a candidate in the presidential race
    Entertainment - ABC News - October 30

  • Why Meta and Snap are spending billions on AR glasses

    Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel are betting big that augmented-reality glasses will replace the smartphone.
    Business - CNBC - October 24
  • UK economy stalls in third quarter

    UK economy stalls in third quarter

    GDP shrinks in September, highlighting challenges for Labour’s growth promises
    Business - Financial Times - 6 days ago

  • Activist investor ValueAct has $1 billion stake in Meta, sources say

    Activist investor ValueAct has a $1 billion stake in Facebook parent Meta, according to people familiar with the matter.
    Business - CNBC - November 12
  • Meta bans jet-tracking accounts that post updates on Trump, Musk and Zuckerberg

    Meta bans jet-tracking accounts that post updates on Trump, Musk and Zuckerberg

    Meta followed Elon Musk's lead, banning jet-tracking accounts run by Jack Sweeney. The accounts posted locations of jets used by Donald Trump and Taylor Swift.
    Top stories - NBC News - October 22
  • Meta makes its MobileLLM open for researchers, posting full weights

    Meta makes its MobileLLM open for researchers, posting full weights

    Developers and researchers interested in testing MobileLLM can now access the models on Hugging Face, fully integrated with the Transformers library.
    Tech - VentureBeat - October 31
  • Meta extends political ad ban until post-Election Day

    Meta extends political ad ban until post-Election Day

    Meta extended the ban on new political ads on its platforms through Election Day, the social media giant announced Monday. The parent company of Facebook and Instagram said the restriction on new ...
    Politics - The Hill - November 5

  • Hoping for a weight-loss pill? It could get closer to reality next week.

    Viking Therapeutics Inc.’s stock rose 2% Friday as excitement continued to build about data on its oral weight-loss drug the company will present at the upcoming Obesity Week event.
    Business - MarketWatch - November 2

  • Tesla Surprises Wall Street With Strong Third-Quarter Results

    The robust performance comes after a tumultuous start to the year in which Tesla’s profit fell for two straight quarters.
    Business - The Wall Street Journal - October 24

  • Hermes outperforms rivals as sales climb in the third quarter

    Luxury goods group Hermes International outperformed rivals as it grew sales despite headwinds in China.
    Business - MarketWatch - October 24

  • Clariant Third-Quarter Profits Miss Expectations

    The chemicals company reported weaker results for the three months through September and cautioned that it didn’t expect a significant economic recovery in 2024 due to persistent economic challenges.
    Business - The Wall Street Journal - October 29
  • Eurozone economy grows 0.4% in third quarter

    Eurozone economy grows 0.4% in third quarter

    Figure beats expectations of 0.2% expansion
    Business - Financial Times - October 30
  • GDP Report Shows US Economy Grew at 2.8% Rate

    GDP Report Shows US Economy Grew at 2.8% Rate

    In a key economic report released just days before the presidential election, gross economic product rose at a 2.8 percent rate in the third quarter.
    Business - The New York Times - October 30
  • US GDP rose at a 2.8% rate in third quarter on strong consumer spending

    US GDP rose at a 2.8% rate in third quarter on strong consumer spending

    Final reading before presidential election was shy of expectations, but shows biggest economy is in robust health
    Business - Financial Times - October 30
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  • Meta’s Reality Labs
  • Reality Labs Posts
  • Labs Posts 4.4
  • Posts 4.4 Billion
  • 4.4 Billion Loss
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