Meta Dominates VR Market with Meta Quest 3 Amid Significant Losses and Ongoing R&D Investments

Meta Dominates VR Market with Meta Quest 3 Amid Significant Losses and Ongoing R&D Investments

Meta recently posted strong sales in its virtual reality (VR) division, driven primarily by the success of the Meta Quest 3 headset. The company continues to dominate the consumer VR gaming market, with the Quest 3 holding the majority of market share. Despite these impressive sales, Meta recorded a significant loss, mainly due to its … Read more

Meta Targets Video Creators with Edits App After CapCut’s Removal from App Stores

Meta Targets Video Creators with Edits App After CapCut’s Removal from App Stores

Meta introduced a new video editing app called “Edits” after ByteDance’s CapCut was removed from the Apple App Store and Google Play Store as part of the TikTok ban. Instagram head Adam Mosseri announced the app’s upcoming launch on iOS next month, with an Android version to follow. The company is collaborating with select creators … Read more