Meta reportedly plans ‘large-scale layoffs,’ but what of its metaverse division?
As of the end of September, Meta had more than 87,000 employees — a large proportion of which is said to work in the Reality Labs division.
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GameStop doubles down on crypto amid a new partnership with FTX US
After launching an NFT marketplace and wallet with the help of Immutable X, GameStop is continuing its push into crypto following a partnership with FTX.
Meta’s Metaverse Is Still Not Profitable: Reality Labs Unit Registers $2.8 Billion Losses During Q2
Meta, the social media company, has reported that its metaverse division, the Reality Labs Unit, is shedding lots of money. In its recent earnings call, the company informed that, while…
Square Enix to Reinforce Blockchain Bet, According to Latest Earnings Report
Square Enix has announced its new mid-term business plan, reinforcing its blockchain pivot according to the documents presented. The company will continue to invest in key companies in the blockchain…
Coinbase CEO has ‘never been more bullish’ even after $430M Q1 loss
“There are so many customers beating a path to our door that we have to have all hands on deck just to keep everything running,” Coinbase CEO Brian Armstrong explained…
Electronic Arts CEO Thinks NFTs and Play-to-Earn Are Part of the Future of the Gaming Industry
Electronic Arts (EA), an important gaming and entertainment-oriented company, has made insightful remarks about the importance of NFTs and the play-to-earn model in its last earnings call. Andrew Wilson, CEO…