Meta Platforms Inc (NASDAQ: META) has reported a $2.8 billion loss in its Reality Labs (RL) division in the second quarter.
What Happened: In an earnings release on Wednesday, the company reported a $2.8 billion loss from the RL segment while recording an income of $11.2 million from its Family of Apps (FoA), including Facebook, Instagram and WhatsApp.
The RL division’s loss took Meta’s total income from operations down to $8.3 billion.
On an earnings call, Meta CEO Mark Zuckerberg said that the firm will …
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