Meta Platforms Expects Reality Labs 2024 Operating Losses To Increase YoY
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms anticipates that its Reality Labs division will experience increased operating losses in 2024 compared to the previous year.
October 30, 2024 | 8:12 pm
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Meta Platforms expects its Reality Labs division to incur higher operating losses in 2024, which could impact the company's overall financial performance.
The announcement of increased operating losses for Reality Labs suggests potential financial strain on Meta Platforms, which could negatively impact investor sentiment and the stock price in the short term.
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