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Meta’s Reality Labs lost $3.7 billion in the last quarter, bringing its total losses since 2020 to almost $40 billion [TechSpot]
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Meta’s fourth quarter sales were up 23% year-over-year to $34.1 billion, marking the third quarter in a row of increasing revenues and the largest YoY growth since Q3 2021. The figure beat analysts’ expectations of $33.4 billion.