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.
Articles by Thea Felicity
Latest News
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.
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.
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.
Donald Trump and the RNC gained a financial edge over Democrats by June, but a historic fundraising surge followed Biden's withdrawal and endorsement of Kamala Harris.
Nvidia is developing a modified version of its new flagship AI chip, the "B20," specifically for the Chinese market to bypass U.S. export restrictions.
Brian Kim, Kakao's founder, is facing allegations that he manipulated SM Entertainment's stock price to block a rival's acquisition attempt.
The EPA, backed by Biden's Inflation Reduction Act, has awarded $4.3 billion in grants to 30 states for climate pollution reduction projects, targeting greenhouse gas emissions across various sectors.
China's Communist Party is considering a gradual and flexible increase in the retirement age to address pension system pressures caused by an aging population and declining birth rates.
Elon Musk announced that Tesla will begin using humanoid robots within the company as extra help next year, with plans for commercial production by 2026.
Hong Kong company known for its fermented Tofu, Liu Ma Kee, faces backlash after it was revealed that they imported and repackaged tofu under unsanitary conditions, contrary to its claims of producing it from scratch.
Disneyland employees in California have authorized a potential strike, with nearly 99% of union members supporting the move amid ongoing contract negotiations over wages and benefits.
President Xi Jinping announced strategies to strengthen the finances of China's indebted local governments, which include increasing their financial autonomy and opening infrastructure to private enterprises.
On July 19, a global Microsoft Windows outage disrupted foreign businesses and luxury hotels, but China’s key infrastructure remained largely unaffected, following the country’s push for tech self-sufficiency.
Reliance Industries Ltd. reported a 5.4% profit decline for the quarter ending June 30, falling short of expectations due to ongoing issues in its oil-to-chemicals sector, despite a 12% revenue increase.
Bissell has recalled 3.3 million Steam Shot Handheld Steam Cleaners in North America due to a burn risk, following over 150 injury reports linked to the defect.
Boeing, facing severe financial and reputational damage from the 737 Max crashes, is implementing a comprehensive recovery plan involving better safety measures, workforce training, and buying back its troubled fuselage supplier.
Stellantis recalls over 24,000 plug-in hybrid minivans due to a potential battery fire risk, advising owners to park outdoors and avoid charging. At the same time, they investigate a defect linked to seven reported fires.
A recent update to CrowdStrike Falcon Sensor software caused widespread "blue screen of death" errors for Microsoft users worldwide, impacting both individuals and businesses and resulting in a 1.3% drop in Microsoft's stock price.
Italy's antitrust agency is investigating Google and its parent company, Alphabet, over alleged unfair practices in how they obtain user consent for combining personal data across services like YouTube, Gmail, and Maps.
Silicon Valley tech billionaires are backing Donald Trump through donations to America PAC, driven more by economic concerns over Biden's airtight antitrust policies than political alignment.
North Korean leader Kim Jong Un visited the Wonsan-Kalma tourism site, which opened in May 2025, despite the ongoing ban on most foreign tourists entering the country.
For the first time ever, track and field gold medalists in the Paris Olympics will receive $50,000 prize money despite resistance from critics who claimed that it would undermine the spirit of the games.
The first day of Amazon's Prime Day event in the U.S. saw $7.2 billion in online sales, surpassing expectations and marking an 11.3% increase from the previous year.
Netflix reported its slowest subscriber growth in five quarters, adding only 4.82 million new subscribers from April to June, down from 9.3 million in the previous quarter, largely due to a crackdown on password sharing.
Investigations are underway into Chinese companies accused of conducting illegal pregnancy tests on job applicants, which contradicts national efforts to address low birth rates.
A German court sentenced a businessman to six years and nine months in prison for illegally exporting electronic components to Russian firms involved in the production of military equipment.
ByteDance, owner of TikTok, must comply with the Digital Markets Act, with the EU regulator rejecting ByteDance's claim that TikTok should not be classified as a "gatekeeper" in the digital space.
The Bank of England is conflicted on whether to cut interest rates next month after inflation held steady at 2%, potentially influenced by Taylor Swift's Eras Tour.
Craig Wright, an Australian who claims to be Bitcoin's inventor, has been referred to UK prosecutors for alleged perjury after a judge found he may have forged documents to support his claim of being Satoshi Nakamoto.