[BIG TECH]■ STORY TIMELINE

META'S REALITY LABS MISSES TARGETS, $80B IN LOSSES MOUNT

Meta's metaverse division reported Q1 revenue of $402M, below the $488.8M estimate, while operating losses reached $4.03B. The unit has accumulated over $80B in losses since late 2020.

4 SOURCESFIRST SEEN APR 29, 08:40 PM► READ THE ARTICLE

Techmeme+0m

Meta reports Reality Labs Q1 revenue of $402M, vs. $488.8M est., and a $4.03B operating loss, vs. $4.82B est.; Reality Labs has $80B+ in losses since late 2020 (Jonathan Vanian/CNBC)

Jonathan Vanian / CNBC: Meta reports Reality Labs Q1 revenue of $402M, vs. $488.8M est., and a $4.03B operating loss, vs…

Techmeme+1h 10m

Meta says Q1 family daily active people fell 20M QoQ to 3.56B, vs. 3.62B est., due to internet disruptions in Iran and WhatsApp access restrictions in Russia (Jonathan Vanian/CNBC)

Jonathan Vanian / CNBC: Meta says Q1 family daily active people fell 20M QoQ to 3.56B, vs. 3.62B est., due to internet d…

Techmeme+23h 45m

Reddit reports Q1 revenue up 69% YoY to $663M, vs. $611M est., DAUq up 17% to 126.8M, vs. 125.9M est., and forecasts Q2 revenue above estimates (Jonathan Vanian/CNBC)

Jonathan Vanian / CNBC: Reddit reports Q1 revenue up 69% YoY to $663M, vs. $611M est., DAUq up 17% to 126.8M, vs. 125.9M…

Techmeme+1d 2h

Alphabet's stock climbed 10% on Thursday and 34% in April, its best month since 2004; Meta's stock plunged 8.5% on Thursday, its steepest drop since October (Annie Palmer/CNBC)

Annie Palmer / CNBC: Alphabet's stock climbed 10% on Thursday and 34% in April, its best month since 2004; Meta's stock…

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