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Posted on 10/26/2022 2:59:32 PM PDT by Red in Blue PA
Meta reported a second straight quarterly revenue decline and is forecasting another drop in the fourth quarter.The company’s Reality Labs division, which houses its VR headsets, lost over $9 billion in the first three quarters.The stock plunged in extended trading after already losing two-thirds of its value so far this year
(Excerpt) Read more at cnbc.com ...
Couldn't happen to a nicer company. Get woke, go broke.
Screw em. Hope they go bankrupt. Perhaps if Zuckerberg focused on the business instead of the 2020 election. This is what happens when a CEO is distracted by pet issues. Couldn't happen to a nicer guy.
how many times we going to post this story!?!?!
Apparently it is the feel good story of the day.
who feels good about billions of dollars being wiped out after missing earnings. the entire tech sector is following along...Biden’s economy...everyone invested feels that pain.
Down 20% now in after-hour trading.
$9 billion invested in virtual reality stuff. I’d wager 9 donuts they are spending buckets of cash to develop full-body VR suits - for full body sensation virtual um, er... swimming and skiing?
Zuckerberg spent 300m undermining elections in southern states.
Karma. It’s real. Hope the company goes bankrupt. The world would be better off.
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