Meta's Reality labs had its best quarter, but still lost more than $4 billion

Reality Labs, Meta's division for AR, VR and the metaverse, just had its best quarter yet despite continuing its multibillion-dollar losing streak. Reality Labs generated more than $1 billion in revenue during the final quarter of 2023 thanks to its Quest headsets and the Ray-Ban Meta smart glasses. While crossing $1 billion in revenue is a new milestone for the company's metaverse group, it's still expected to continue racking up massive losses for the foreseeable future. Reality Labs lost $4.6...