Meta’s Reality Labs posts $5 billion loss in fourth quarter
Publishing timestamp: 2025-01-29 21:49:50
Summary
Meta's Reality Labs unit recorded a significant operating loss while generating sales in the fourth quarter. The company continues to invest billions in developing virtual reality and augmented reality technologies for the metaverse. Other tech companies like Apple, Google, and Samsung are also investing in VR and AR. Wells Fargo predicts no 20% S&P 500 three-peat this year, while BlackRock's Rick Rieder sees opportunities in a specific bond market. Analysts are speculating about recent Bank of America weakness possibly linked to selling by Buffett. JPMorgan manager touts a $39 billion ETF that can profit from volatility in 2025. Big tech earnings from Microsoft and Meta are in focus.
Sentiment: MIXED
Tickers: META, AAPL, EL-FR, GOOGL,
Keywords: meta platforms inc, mobile, apple inc, alphabet inc, business news, social media, technology, breaking news: technology, internet,
Source: https://www.cnbc.com/2025/01/29/metas-reality-labs-posts-5-billion-loss-in-fourth-quarter.html