Meta Q2 Sales Jump 22% in Wall Street Beat as Its AR/VR and Metaverse Business Loses Billions

Meta’s social-media empire keeps minting digital-ad dollars — while its metaverse and AR/VR business continues to rack up bigger losses. The company, which operates apps including Facebook, Instagram and WhatsApp, reported top-line revenue of $39.07 billion (virtually all of it from advertising), up 22% year over year. Net income was $13.47 billion, or $5.16 per […]