Meta posts a $2.96B Q1 loss from its Reality Labs division, up from a $1.8B loss last quarter, on revenue of $695M, and says Reality Labs has ~17,000 employees (Nelson Wang/CoinDesk)

Nelson Wang / CoinDesk:

Meta posts a $2.96B Q1 loss from its Reality Labs division, up from a $1.8B loss last quarter, on revenue of $695M, and says Reality Labs has ~17,000 employees  —  The company formerly known as Facebook also reported revenue of $695 million the quarter for the recently broken out division.

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