Meta’s VR Division Posts Second-quarter Operating Loss Of US$2.8 billion
Meta’s VR division suffered an operating loss of US$2.8 billion in the second quarter. Reality Labs, as it is widely known, is fundamental to Meta’s metaverse ambitions, even though it remains very expensive to operate. Meta Reality Labs generated revenue of US$452 million in the second quarter ended June 30, compared with US$305 million a […]
56% Of Organizations Express High Degree Of Regret About Tech Purchases
According to a new Gartner survey, 56% of companies regret their biggest technology-related purchases. The report identified several reasons for this regret, including slow purchasing decisions, the shift in decision-making on technology purchases from exclusive IT responsibility to a more democratic process, and the lack of responsiveness from vendors. While organizations have remained bullish on […]
Smartphones Of EU Staff Show Evidence Of Spyware
Evidence that EU staff smartphones were compromised by an Israeli company’s spying software has been found, according to a letter from EU Justice Commissioner Didier Reynders to European lawmaker Sophie in ‘t Veld. Reynders’ letter said he had been warned by Apple in 2021 that his iPhone may have been hacked with Pegasus. Pegasus is […]
Poor Quarterly Results Send Shares Of Major U.S. Companies Plummeting
Shares of major U.S. companies slumped on Wednesday after posting poor quarterly results and forecasts amid persistent inflation and fears of a possible recession. Affected companies include Facebook’s parent company Meta Platforms, Qualcomm, ServiceNow, Best Buy and Teladoc Health. Meta posted the first quarterly decline in its history and issued a gloomy forecast that sent […]
