Meta's Reality Labs, the division behind VR headsets and AI-powered wearables, reported a $4.62 billion loss in Q2, slightly better than the expected $5.07 billion loss. Revenue increased to $431 million from $370 million a year ago. Despite ongoing losses totaling over $80 billion since 2020, Meta continues to invest in VR and wearable tech, including Ray-Ban Meta glasses, as it shifts focus due to slow consumer adoption of VR. This reflects Meta CEO Mark Zuckerberg's long-term vision of digital worlds for work and play, though the market remains challenging.
Social media companies like Snap, Meta, and Google are increasingly facing lawsuits over child safety concerns, with Snap recently settling a case alleging its platform caused psychological harm to teens. This comes as tech giants aggressively integr...
Meta introduced Spaces, a new feature for its Muse AI agents that allows users to create dedicated chat areas for specific projects like vacation planning or recipe collecting. These Spaces act as custom workspaces that keep information updated by in...
Meta Platforms faces challenges from a $9.89 billion settlement related to teen mental health lawsuits, a new Democratic-controlled Congress pushing tougher regulations, and a freeze on mergers and acquisitions. Despite these headwinds, Meta's advert...
Meta Platforms reported a negative free cash flow of $2.12 billion in Q3 2026, driven by heavy spending on data centers. However, the company saw a 14% increase in price per ad, which outpaced impression growth for the first time since early 2025. Ex...
In Q3 2026, U.S. equities rose modestly with the S&P 500 up 2%. The Alger Concentrated Equity ETF underperformed the Russell 1000 Growth Index despite gains in Information Technology and Communication Services sectors. Top contributors included Micro...
