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Page 5 - David Wehner News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mark Zuckerberg makes a U-turn on metaverse spending as Reality Labs is hit with a new efficiency mantra

Meta founder and CEO Mark Zuckerberg wants to be leaner as his metaverse division Reality Labs lost more than $13 billion in 2022.

Global Spending on Mobile Games Falls 5% as High Inflation Causes Market to Cool

Mobile game spending fell 5% last year, to $110 billion, according to Data.ai. Nevertheless, downloads rose 8% to a record 90 billion.

Can VR make a comeback in 2023? These games and headsets give us hope

Progress in virtual reality has seemingly stagnated since 2021, but the next year could be when VR reaches its full potential.

Mark Zuckerberg To Resign as Meta CEO Next Year? Facebook Parent Company Responds To Media Reports

The company posted another quarterly revenue decline as investors begin to lose faith in its loss-making, billion-dollars metaverse dream. In the third quarter (Q3), Meta s revenue declined 4 per cent year over year to hit $27.7 billion. The company posted a net income of $4.395 billion, down from $9.194 billion year over year. Mark Zuckerberg To Resign as Meta CEO Next Year? Facebook Parent Company Responds To Media Reports.

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