Sam Lessin, Slow Ventures co-founder, and Barton Crockett, senior internet analyst at Rosenblatt Securities, join 'The Exchange' to discuss Meta as the social media giant's annual developer conference Connect kicks off on Wednesday.
Mark Zuckerberg said today that Meta AI is one of the most used AI assistant across the world with “almost” 500 million monthly active users.
At an event in Silicon Valley, Meta exhibited a range of products meant to blend the real world and virtual reality, with a healthy dose of A.I.
At its annual Meta Connect event on Wednesday, Meta CEO Mark Zuckerberg announced that the company has rebuilt its social apps for mixed reality.
CNBC's Julia Boorstin joins 'The Exchange' to report on Meta as the social media giant's annual developer conference Connect kicks off on Wednesday.
Meta announced the $299 Quest 3S, the latest virtual reality headset to come out of the company's Reality Labs division and a cheaper offering than its predecessor, the $499 Quest 3. The company positioned the headset as a full computer, putting it in competition with Apple's $3,499 Vision Pro headset that launched in February.
Hidden among the Meta Connect 2024 hardware announcements comes word that the social media giant is sunsetting two key members of its Quest VR headset line. With the budget Quest 3S now up for preorder, Meta will no longer sell the Quest 2 and Quest Pro once back stock is deleted.
Quest headsets are commonly understood to be a loss leader. Analysts believe that Meta loses money with every unit sold.
Meta has acquired the Threads.com domain name, according to Whois records of the URL that were updated on September 24.
Meta's (META) annual "Connect" conference kicks off Wednesday, with CEO Mark Zuckerberg set to give a keynote address at 1 p.m. ET that's expected to focus on developments in Meta's artificial intelligence (AI) and virtual reality (VR) products.
After resiliently resisting selling pressure, the market could be in for some weakness on Wednesday as traders position themselves defensively ahead of the key Main Street catalysts for the rest of the week. The index futures are modestly lower early Wednesday.
Meta Platforms stock has soared 91% in the last 52 weeks. The company isn't desperate for the potential upsides of splitting its stock.