Meta Platforms (Facebook) Stock News

At its annual Meta Connect event on Wednesday, Meta CEO Mark Zuckerberg announced that the company has rebuilt its social apps for mixed reality.

Meta announced the $299 Quest 3S, the latest virtual reality headset to come out of the company's Reality Labs division and a cheaper offering than its predecessor, the $499 Quest 3. The company positioned the headset as a full computer, putting it in competition with Apple's $3,499 Vision Pro headset that launched in February.

Hidden among the Meta Connect 2024 hardware announcements comes word that the social media giant is sunsetting two key members of its Quest VR headset line. With the budget Quest 3S now up for preorder, Meta will no longer sell the Quest 2 and Quest Pro once back stock is deleted.

Quest headsets are commonly understood to be a loss leader. Analysts believe that Meta loses money with every unit sold.

Consumer apps can generate a lot of traffic and revenue, but some carriers have complained that they're not getting a fair cut of the pie for carrying all that traffic across their network infrastructure. But if you were looking for a test case that demonstrated how the two sides might be able to work together, don't look to Germany.

As European tech leaders urge regulatory clarity to stay competitive in artificial intelligence, New York lawmakers contemplate stricter controls, highlighting the global struggle to balance innovation and oversight. Meanwhile, industry figures like Appian CEO Matt Calkins demand stronger IP protections, underscoring the challenges facing policymakers and businesses in the rapidly evolving AI l...

Meta has acquired the Threads.com domain name, according to Whois records of the URL that were updated on September 24.

Meta's (META) annual "Connect" conference kicks off Wednesday, with CEO Mark Zuckerberg set to give a keynote address at 1 p.m. ET that's expected to focus on developments in Meta's artificial intelligence (AI) and virtual reality (VR) products.