All Stories Tagged: Meta Reality Labs

Meta's Reality Labs division continues to be one of the largest cash sinks for the company in its latest fiscal year.

Meta acquired Onward developers Downpour Interactive and Lone Echo developers Ready at Dawn to bolster its gaming exclusives on Quest VR headsets.

Pages allegedly discovered in Meta's Oculus apps suggest there may be some kind of subscription service in the works for Quest HMDs.

Meta claims the goal of the price drops on its Quest 2 and Quest Pro headsets is to 'create hardware that's affordable for as many people as possible.'

Meta expects Reality Labs to keep losing money, but sees long-term benefits.

In addition to losing money, Reality Labs employees were among those affected by layoffs during Q4 2022.

After an almost decade-long stint with the former Oculus, the id Software founder is leaving Meta. (Updated with John Carmack's full statement, which provides some much-needed context.)

In a letter released by Mark Zuckerberg, the CEO said the cuts were because 'revenue outlook is lower' and a push to operate more efficiently.

The company anticipates Reality Labs operating losses in 2023 to "grow significantly year-over-year."

An upcoming update to RE4VR will bring the much beloved Mercenaries extra mode to the game.