Meta’s Reality Labs segment has already lost $9.4 billion this year alone. Making Revenues in Reality Labs also declined by nearly 50% year over year during the third quarter despite Meta owning the Quest 2 which is easily the world’s top selling consumer VR headset. However, rather than tighten their belts in the face of shakier VR sales this year, Zuck and his team instead opted to release a glitzy but mostly useless, eyeball tracking $1,500 mixed reality headsets. And more metaverse-related operating losses are likely around the corner. Show “We do anticipate that Reality Labs operating losses in 2023 will grow significantly year-over-year,” Meta said in a statement to CNBC following its third quarter earnings. “Beyond 2023, we expect to pace Reality Labs investments such that we can achieve our goal of growing overall company operating income in the long run.” Meta investors appear increasingly annoyed at the prospect of some long term bets without certain payoffs. As of early November, the company’s stock price had plummeted by more than 72% from January when Zuckerberg reaffirmed the company’s metaverse commitments. “If any other company had done this you’d have activist investors writing letters, proposing alternative slates of directors, demanding change,” AllianceBernstein chief funding officer for U.S. development Jim Tierney reportedly told The Financial Times earlier this year. AllianceBernstein is a Meta shareholder. “I think Mark heard crystal clear what investors wanted. He’s made his decision.” Shares ended in the red on the last trading day of 2022, but India emerged as one of the top performing equity markets in a year when most others were knocked down by the US central bank’s aggressive monetary tightening to combat record-high inflation.  From attrition, India Inc’s focus will shift to growing talent pool, better engagement. Retail sales of passenger vehicles (PVs) in India are set to hit a record in December, driven by bumper year-end discounts before an anticipated increase in prices and evident dealer urgency to clear inventory ahead of scheduled introduction of tighter emission norms. Read More News onWhatsApp business chatmetamark zuckerbergWhatsApp businesszuckerbergreality labsinstagrammeta platforms inc Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox. After Google, Meta Chief Mark Zuckerberg has started campaigning against Apple’s iMessage. By Omair Pall Oct. 18, 2022 > Tech After Google, Meta Chief Mark Zuckerberg has started campaigning against Apple’s iMessage. In an Instagram post he said that the popular messaging app WhatsApp is “far more private and secure than iMessage”. He further said that the messages are end-to-end encrypted and they are secure across Android and iOS smartphones. He also pointed out that iMessage doesn’t have these kinds of features yet. Mark Zuckerberg posted a picture on Instagram and wrote in the caption “WhatsApp is far more private and secure than iMessage, with end-to-end encryption that works across both iPhones and Android”. Furthemore, the caption reads as “ With WhatsApp you can also set all new chats to disappear with the tap of a button”. Meta Chief further said that the company had come up with the end-to-end encrypted backup in 2021 and these features are not available on Apple’s iMessage.
SEE ALSO: Apple Tipped To Unveil 11 Inch, 12.9 Inch iPad Pro Models With M2 Chipset Today Meta CEO wanted to shed some light on the importance of end-to-end encryption in the United States of America. WhatsApp is popular in all parts of the world except for in the United States, where people still use iMessage. Mark wants to increase the number of WhatsApp users in this country. On the other hand, WhatsApp Head Will Cathart had tweeted that the Meta-owned messaging platform is “growing “ in the United States of America and he wants the numbers to go up even more. What Mark Zuckerberg says about WhatsApp?"We talk a lot about the very long-term opportunities like the metaverse, but the reality is that business messaging is probably going to be the next major pillar of our business as we work to monetize WhatsApp and Messenger more," he said.
Is it true that Mark Zuckerberg owns WhatsApp?He bought WhatsApp for $19 billion in 2014, and it has contributed pennies by comparison. It's astonishing that eight years after Zuckerberg made the acquisition, he has yet to turn WhatsApp into a remotely viable business.
Who bought WhatsApp 2022?The client application was created by WhatsApp Inc. of Mountain View, California, which was acquired by Facebook in February 2014 for approximately US$19.3 billion.
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WhatsApp.. Is WhatsApp no longer owned by Facebook?Facebook purchased WhatsApp in 2014. Facebook's bid price was astronomical, even for Silicon Valley, with a bid at $16 billion. WhatsApp does not use wireless networks. WhatsApp has over 2 billion users worldwide.
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What did Mark Zuckerberg say about WhatsApp?
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