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Mark Zuckerberg’s Meta Reality Labs Loses $45 Billion in 4 Years As AR/VR Falls Short
Meta’s Reality Labs has reported $45 billion in losses over the past four years due to chaotic management and frequent leadership changes. Further losses are expected as the division struggles in a competitive AR and VR market.
China to Launch World's First Flying Taxi as EHang Seeks Air Operator License
Chinese flying taxi company EHang has moved closer to launching its commercial air mobility services as China's Civil Aviation Administration begins reviewing its air operator certificate application.
Delta Continues Flight Cancellations Days After Global IT Outage, Amounting to $163 Million Loss
Five days after a global tech outage caused by CrowdStrike, Delta Air Lines is still struggling to recover as it reported over 6,000 flights canceled recently and an estimated financial impact of $163 million.
Spotify's Q2 Profit Surpasses Expectations After Layoffs, Price Hikes
After laying off employees and implementing price hikes, Spotify reported meeting a more-than-expected financial outlook in Q2 2024, with its stock up over 10% and a total revenue of $4.14 billion.
















