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.
Facebook owner Meta prepared on Wednesday to kick off its annual Connect conference at its California headquarters, where it is expected to preview its first augmented reality glasses and announce updates to its existing virtual reality and artificial intelligence products.
CEO Mark Zuckerberg's keynote starts at 1 p.m. ET Wednesday.
Meta Platforms will not immediately join the European Union's AI Pact, a company spokesperson said on Tuesday.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) will hold its Connect Conference on September 25 to 26, where the tech giant is expected to showcase its augmented reality (AR) and artificial intelligence (AI) offerings. Bank of America analysts expect Meta to unveil a prototype of its next-generation AR glasses that feature holographic capabilities, with a potential broader release next year.
Meta stock analysts will be watching for both AI and metaverse updates from Mark Zuckerberg during Meta's Connect conference.
Ahead of November's election, Meta has de-emphasized political content on Facebook, Instagram and Threads and doesn't want to talk about candidates or campaigns.
CNBC's Andrew Ross Sorkin reports on the latest news.