Tag: Altimeter

Meta’s Reality Labs Faces a Tough Q3 with $3.7B in Losses

AI October 29, 2023

Meta’s third quarter revealed significant financial blows, particularly within its metaverse-focused Reality Labs division. Despite earning $34.1 billion in total revenue, according to their third-quarter...

Estimates of water ice on the Moon get a ‘dramatic’ downgrade – Physics World

Quantum September 22, 2023

Fireblocks Rolls Out Service Helping Corporates Launch Non-Custodial Wallets

Blockchain September 11, 2023

Adventure-Ready Amazfit T-Rex Ultra Pushes Boundaries

Blockchain May 14, 2023

Chinese Warships Suspected of Signal-Jamming Passenger Jets

Cyber SecurityMarch 22, 2023

Australia's Qantas Airways is warning pilots about ongoing signal interference on VHF communications channels from "stations purporting to represent the Chinese military," on commercial...

Tech start-ups shun Singapore and Hong Kong for US Spacs

BlockchainNovember 30, 2022

Singapore and Hong Kong start-ups are sidestepping their home stock exchanges to merge with special purpose acquisition companies (Spacs) in the US, as fundraising...

Metaverse losses top $3.6B for Meta with spending set to increase

BlockchainOctober 26, 2022

The tech giant is just over $500 million away from topping its more than $10 billion Metaverse department losses in 2021, but it said its spending will only grow next year.

Zuckerberg’s $100B metaverse gamble is ‘super-sized and terrifying,’ shareholder says

AIOctober 24, 2022

In an open letter, Altimeter Capital's CEO and founder recommended the tech giant cut its Metaverse investments from $10-15 billion a year to $5 billion.

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