Meta’s Reality Labs has now lost more than $21 billion since the beginning of last year
Meta continues to lose money building the metaverse as Reality Labs records a second-quarter operating loss of $3.7 billion. Source
Read More
Mobile
Snap shares plunge more than 17% on weak forecast
Snap reported second-quarter results that topped analysts' estimates but provided a weaker-than-expected forecast for the current period. Source link
Read More
Musk risks even more damage to Twitter’s business as the messaging app changes name to X
Elon Musk's rebranding of Twitter to X in pursuit of becoming a super app leaves the already vulnerable business at
Read More
Apple opens Vision Pro headset applications for developers, but they can’t talk about it
Apple opened up Vision Pro developer kit applications on Monday, ahead of a planned 2024 launch for the $3,499 headset.
Read More
Apple reportedly considers raising the price of its new iPhone Pros
Apple didn't raise prices for new iPhones in the U.S. during the pandemic, although the company dealt with parts shortages
Read More
IBM reports earnings beat, but misses on revenue
IBM's data and AI products showed the fastest expansion, growing 10% from a year earlier, the company said. Source link
Read More
Apple stock pops on report it’s developing its own equivalent of ChatGPT
The move signals that Apple is taking recent advances in the technology seriously and is considering integrating them into future
Read More
U.S. lawmakers extend social media investigation to Meta’s Threads
The letter from House Judiciary Chair Jim Jordan, R-Ohio, is an indication of the added spotlight Meta's newest product could
Read More
Apple just released a preview of its big iPhone update, here’s what’s new
It's a beta version, intended as a preview of the final software, so Apple can get help squashing bugs before
Read More