Reality Labs
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Search complete. 28 mentions across 20 episodes found for "Reality Labs".
Sep 23, 2026
Josh CahasCORRESPONDENT
Meta has found itself at the center of high-profile lawsuits, negative press, and public backlash against its products and technologies.
Josh CahasCORRESPONDENT
And its Reality Labs division also took over $80 billion in operating losses over the last five years.
Josh CahasCORRESPONDENT
Let's see if these new pervert glasses can right the ship.
Josh CahasCORRESPONDENT
Meanwhile, Discord will now automatically estimate your age.
Steve GrassoPANELIST
It's sucking all of the revenues.
Steve GrassoPANELIST
That Reality Labs lost $4.6 billion on revenue of 430.
Dan NathanPANELIST
Sure.
Steve GrassoPANELIST
So y- your, it's running into technical problems.
Fraser McGruerHOST
Right.
Nick HarePANELIST
So they've b- Reality Labs, for the last five years, has lost between $10 to $20 billion a year.
Fraser McGruerHOST
Good Lord.
Fraser McGruerHOST
[laughs]
Ross MandellHOST
WhatsApp was questioned.
Ross MandellHOST
Reality Labs was questioned.
Ross MandellHOST
The metaverse was questioned.
Ross MandellHOST
And now the AI spending is being questioned.
Ross MandellHOST
Does everything work? Of course it does not.
Ross MandellHOST
Reality Labs has burned an enormous amount of money and has not produced the financial payoff investors once expected.
Ross MandellHOST
But Zuckerberg has shown that he is willing to spend aggressively when he believes the next computing platform is being created.
Ross MandellHOST
And right now, he clearly believes AI is that platform.
Imran SheikhHOST
However, concerns over, you know, little things like usability, cost, and privacy have dogged the business, with many consumers still unsure of how, why, or if they should use the devices.
Imran SheikhHOST
Meta's Reality Labs, which is responsible for developing its smart glasses line, is still losing a gargantuan amount of money, as its earnings report from April revealed.
Imran SheikhHOST
Spotify is expanding its partner program for podcasts, which lets podcasters earn money from ad and premium revenue sharing to a total of 35 regions, including Italy, Spain, Brazil, Mexico, Colombia, Poland, Chile, the Dominican Republic and the Bahamas this fall.
Imran SheikhHOST
Eligible podcasters will be able to earn revenue from both video and audio podcasts.
Chris PersonHOST
I would also say that maybe they don't want to lose $83.6 billion.
Chris PersonHOST
which I believe is what Reality Labs, I mean, that's the thing.
Chris PersonHOST
It's like, you can say, you can see Gabe Newell with his yacht, which Luke, you've written about extensively, the weird yacht, the strangeness of Gabe Newell's yacht thing, which is weird even amongst billionaires.
Luke PlunkettHOST
Well, I mean, those guys complaining on Reddit kind of have a point.
Daniel NewmanHOST
And basically, he's untouchable.
Daniel NewmanHOST
And so he might have gotten Reality Labs a little bit wrong.
Daniel NewmanHOST
And I still think a lot of people have PTSD about that.
Daniel NewmanHOST
But in the end, he's been right about the need of compute.
George TsilisCORRESPONDENT
Those businesses primarily make up Meta's family of app segment and generate nearly all the company's revenue, primarily through advertising.
George TsilisCORRESPONDENT
Meta also operates Reality Labs, which includes virtual reality devices, augmented reality technology, and Meta's rapidly growing AI glasses business.
George TsilisCORRESPONDENT
The bigger story today is that Meta is evolving beyond traditional social media.
George TsilisCORRESPONDENT
The company is increasingly becoming an AI advertising, communications, and personal computing platform.
5 MINS LATER
George TsilisCORRESPONDENT
Eventually, investors will need evidence that those expenditures create incremental profits.
George TsilisCORRESPONDENT
Free cash flow has already fallen sharply because of this spending, and EPS growth is currently lagging revenue growth.
George TsilisCORRESPONDENT
Reality Labs continues to lose billions of dollars, and Meta faces continual legal and regulatory risk in both the United States as well as Europe.
George TsilisCORRESPONDENT
There's also intense competition in artificial intelligence.
John CooganHOST
Uh, so next week we might get a competitor to this.
John CooganHOST
Uh, next week is uh Meta Connect I believe and uh they're on a track like Reality Labs obviously all the energy is around AI but the team is still working on devices augmenting reality.
John CooganHOST
They did the Meta Ray-Ban displays which is the Call of Duty style, uh you know, mini map.
John CooganHOST
Uh, it doesn't take over the full uh, the full c- cone of vision but two years ago Mark Zuckerberg demoed a product at Meta Connect two years ago, 2024, of the what he called Orion which was a very, a complicated name if you know the history of the hunter Orion who tried to kill all the animals and was uh you know sacrificed for his tale of hubris.
Joseph CarlsonHOST
He beat the FTC's attempt to break up the company, which the agency has appealed, and saved cash by weathering mass layoffs.
Joseph CarlsonHOST
While Meta hit a record market cap of nearly $2 trillion, he'd done it while refusing investors' demands to cut Reality Labs' division, where the Metaverse lived.
Joseph CarlsonHOST
This revisionist history that Mark Zuckerberg is not a good capital allocator because he's spending a lot of money on AI is not only ridiculous, but it's wrong on the surface.
Joseph CarlsonHOST
Look at how he's pivoted his business and where he's put capital before.
10 more episodes mention Reality Labs.
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