Meta’s Reality Labs Losses Total $30 Billion — $4B This Quarter

Meta Reality Labs staggering losses total over 30 billion

Photo Credit: Meta Will Mark Zuckerberg’s metaverse vision ever materialize? Meta’s Reality Labs burned through $3.99 billion last quarter—around $44 million a day. In total, the division has lost a staggering $30 billion. Meta’s Q1 […]

Court Rejects Meta’s Motion to Dismiss Epidemic Sound Lawsuit

Meta monetization Facebook Instagram

Photo Credit: Brett Jordan Two months back, Facebook parent Meta moved to dismiss a copyright infringement lawsuit filed by royalty-free song library Epidemic Sound. Now, the presiding judge has officially denied the motion. This latest […]

Meta’s new Reels video editing tools draw their creator experience closer to TikTok’s

Facebook reels creator studio on desktop

In a blog post on Thursday, Meta said that it’s globally rolling out new creator tools for its TikTok competitor, Reels, on both Instagram and Facebook. The handful of new tools will make it easier […]