Venture Capital

This Week In XR: As Meta Profits Melt, Resonai, YOOM, And ForeVR Raise Millions


Meta’s 50% Profit Loss Has Investors On The Run. The most painful part was Meta Reality Labs’ 49% drop in revenue, due to slowing sales of its flagship product, the Quest 2. Not a confidence builder. The press already had their knives out before the stock dropped 20%. Some of the bloodletting can be …

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