Page 26 - Reality Lab News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Meta just had its best quarter since 2021, even as it continues to lose massive amounts of money on the metaverse.

Meta has had one of its best quarters since before it changed its name from Facebook, reporting 11% year-over-year revenue growth.

Meta had one of its best quarters since before it changed its name from Facebook. The company reported 11% year-over-year revenue growth, which is a sigh of relief for investors, because this time last year, Mark Zuckerberg's company posted its first-ever quarterly revenue decline. Meta's stock price reflects this -- while the stock took a nose dive through 2022, it's now climbing back up again, trading at around $298 per share after markets closed today.

Zuckerberg’s metaverse ambitions are unlikely to get much of a boost from its new subscription service.

Depending on the valuation metric you use, the answer can differ dramatically.