Technologies

Meta earnings disappoint as Facebook’s parent pushes into the metaverse

For the first time, the social media giant breaks out the performance of its AR and VR business. Its earnings in the fourth quarter, though, were weaker than expected.

Facebook parent Meta said Wednesday that the augmented and virtual reality business at the heart of its metaverse ambitions generated $877 million in revenue, but disappointing fourth-quarter earnings underscored how much the company relies on its social media businesses.

The details mark the first time the company has broken out the performance of its AR and VR unit, which is known as Reality Labs. The unprofitable unit — it lost $3.3 billion in the quarter — oversees the Oculus headset that will help anchor the company’s push into the metaverse.

Last year, Facebook rebranded itself as Meta, a change that fueled hype around the online spaces where people will be able to work and socialize as digital avatars. However, Meta remains reliant on digital advertising on the Facebook social network and its photo service Instagram even as it barrels toward the metaverse.

«While we expect Meta to ramp up testing ads and commerce within its metaverse offerings this year, those efforts will be highly experimental and not likely to drive much revenue in the near term,» said Debra Aho Williamson, a principal analyst at Insider Intelligence, which was formerly eMarketer.

In the fourth quarter, Meta posted revenue of $33.7 billion, above analyst expectations of $33.4 billion. But it earned $3.67 per share, falling short of the $3.84 per share projected by analysts surveyed by Thomson Reuters.

Meta’s stock plunged more than 20% in after-hours trading. The company’s stock ticker is expected to change to META from FB in the first half of the year.

Like other tech companies, Meta has warned that privacy changes imposed by Apple could make it harder for businesses to measure the effectiveness of their ads on Facebook and Instagram. The company also said it expected «headwinds» caused by inflation and supply chain disruptions that affect advertiser budgets.

Facebook and Instagram users are also spending more time on the platform’s short-form video product, Reels, which doesn’t generate as much revenue as the company’s News Feed or Stories where people can post content that vanishes in 24 hours. That’s partly because Reels doesn’t include as many ads compared to News Feed or Stories.

«I’m confident that leaning harder into these trends is the right short-term tradeoff to make in order to get long-term gains. We’ve made these types of transitions before with mobile feed and Stories,» Meta CEO Mark Zuckerberg said in a call with analysts Wednesday.

On top of that, Facebook is facing more competition from other apps such as short-form video app TikTok. Facebook’s daily active users in the fourth quarter dropped from 1.93 billion to 1.92 billion, with the quarterly drop mainly coming from developing countries.

Though the metaverse concept has been around for years, Meta has been hiring engineers and purchasing VR apps to bolster the creation of its virtual worlds. At Christmas, the Oculus app required to set up the Quest headset topped Apple’s App Store, suggesting that people had purchased the headsets over the holidays as a gift. The social network is also working on augmented reality glasses and, with Ray-Ban, released its first pair of smart glasses to shoot photos and videos.

Meta’s efforts to build more digital realms has been bumpy. The company still faces criticism that it doesn’t do enough to combat misinformation, hate speech and other types of offensive content, problems that will only grow more complex in the metaverse. The US Federal Trade Commission and multiple states, led by New York, are reportedly investigating potential anticompetitive practices by Oculus. This week, Meta shuttered its Diem cryptocurrency project after regulatory pushback.

The challenges haven’t stopped Meta from pushing forward with its futuristic vision of what it thinks will be the successor to the mobile internet.

«If last year was about putting a stake in the ground for where we’re heading, this year is going to be about executing,» Zuckerberg said.

Technologies

Apple Reportedly Plans to Send Siri Engineers to AI Coding Bootcamp

The move comes just weeks before the company is expected to unveil a new Siri.

Apple plans to send dozens of Siri engineers to a multiweek AI coding bootcamp, The Information reported Wednesday. The move comes less than two months before the company is widely expected to unveil a new Siri experience as part of a broader AI reboot.

A group of fewer than 200 engineers will be sent to the bootcamp, leaving approximately 60 members of the core Siri development team behind to continue working on Siri, while another 60 will evaluate Siri’s performance, according to The Information. The outlet also reported that AI has grown in popularity in some Apple divisions, prompting some teams within the company to allocate large parts of their budgets to Claude Code.

Apple representatives didn’t immediately respond to a request for comment.

Siri, once a pioneer, has lagged behind its rivals in voice assistants. Apple had planned to roll out a smarter, AI-driven Siri in 2025 as part of its Apple Intelligence initiative, but executives delayed the launch until spring 2026, admitting the early version wasn’t reliable enough to ship.

For Apple, the move would mark another attempt to reset expectations around its AI strategy after repeated delays to its more advanced Siri ambitions. The news also comes as John Giannandrea, Apple’s former AI chief, is reportedly leaving the company this week after stepping down from that role in December.

The new Siri experience is expected to be introduced at Apple’s Worldwide Developers Conference on June 8 and would arrive as part of iOS 27, iPadOS 27 and MacOS 27 later this year, according to a Bloomberg report in March. The report says Apple is testing out a new Siri that would make the assistant feel more like a standalone AI chatbot — think ChatGPT or Claude — rather than the current built-in tool.

Technologies

Google Will Pay $135M to Android Phone Owners. Learn Who’s Eligible and How to Get Paid

If you used an Android phone with cell service in the last nine years, you could be eligible for compensation.

For years, Google has been accused of harvesting data from Android phones without users’ consent. A California lawsuit was settled for $314 million last year, and another class action lawsuit recently reached a resolution that could mean payouts for another 100 million people.

While not admitting fault, Google reached a preliminary settlement in the class action lawsuit Taylor v. Google LLC in January, agreeing to pay $135 million, and the official settlement website for the lawsuit is now live.

The final approval hearing won’t occur until June 23, when the court will hear objections and consider whether Google’s settlement is fair. After that, the court will decide whether to approve the $135 million settlement.

In the meantime, if you qualify and want to be paid as part of the settlement, you can select your preferred payment method on the official website. There, you can find information on speaking at the June 23 court hearing and on how to exclude yourself or write to the court to object by May 29.

As part of the settlement, Google will update its Google Play terms of service to clarify that certain data transfers do occur passively even when you’re not using your Android device, and that cellular data may be relied upon when not connected to Wi-Fi. This can’t always be disabled, but users will be asked to consent to it when setting up their device.

Google will also fully stop collecting data when its «allow background data usage» option is toggled off.

Who can be part of the Google data settlement?

In order to join the Taylor v. Google LLC settlement, you must meet four qualifications:

Be a living, individual human being in the US.
Have used an Android mobile device with a cellular data plan.
Have used the aforementioned device at any time from Nov. 12, 2017, to the date when the settlement receives final approval.
You’re not a class member in the Csupo v. Google LLC lawsuit, which is similar but specifically for California residents.

The final approval hearing is on June 23, so you can add your payment method until then. The hearing’s date and time may change, and any updates will be posted on the settlement website.

If you choose to do nothing, you will still be issued a settlement payment, but you may not receive it if you don’t select a payment method.

How much could I get paid by Google?

It’s not currently known exactly how much each settlement class member will receive, but the cap is $100. Payments will be distributed after final court approval and after any appeals are resolved.

After all administrative, tax and attorney costs are paid, the settlement administrator will attempt to pay each member an equal amount. If any funds remain after payments are sent, and it’s economically feasible, they will be redistributed to members who were previously and successfully paid. If it’s not economically feasible, the funds will go to an organization approved by the court.

Technologies

Horizon Zero Dawn Remastered, Squirrel With a Gun and More Are Coming to PlayStation Plus in April

Some other games might be fun, but Squirrel With a Gun has my full attention.

Sometimes when I play a game, I want a deep story that makes me feel connected to the characters. Other times, I want a nonsensical romp that allows me to shut my brain off and laugh for a minute. Squirrel with a Gun seems to be that kind of game. And good news, PlayStation Plus subscribers can play that game and others starting on April 21.

PlayStation Plus is Sony’s version of Xbox Game Pass, offering subscribers a large and constantly expanding library of games. PlayStation Plus has three tiers — Essential ($10 a month), Extra ($15 a month) and Premium ($18 a month) — which each give subscribers access to games. But only Extra and Premium tier subscribers can access the PlayStation Plus Game Catalog, while Essential subscribers can access only the monthly games.

Here are all the games Sony is adding to the PlayStation Plus Game Catalog in April. You can also check out the games all PS Plus subscribers can play until May 4.

Squirrel With a Gun

What more do I need to say about this game? You’re a squirrel, and you have a gun, making you potentially the most American woodland critter behind a bald eagle. After escaping a secret facility, you’re on the hunt for some acorns while you try to evade and defeat the Agents in this sandbox puzzle platformer game. You’ll find out how far our furry friend is willing to go to get their nut — acorns are nuts, get your mind out of the gutter.

Horizon Zero Dawn Remastered

Huge robotic dinosaur-looking machines are the dominant force in this award-winning action roleplaying game. You play as Aloy, a huntress who was cast out of the mountain-dwelling Nora tribe. In your search for answers about your past, you’ll encounter machine and human enemies, beautiful landscapes and a plan to reclaim the land once and for all.

Monster Train

Hell has frozen over, the celestial forces of heaven are coming to extinguish the last burning pyre, and it’s up to you to stop them. Monster Train is a unique roguelike deck builder that adds a twist by spreading your playing field out to three vertical areas. With over 250 cards to use and six different monster clans to call on, you’ll have plenty of ways to ward off your enemies and take back your home.