Meta’s VR/AR research and hardware arm
Federal court action by 29 state attorneys general accuses Meta of designing Facebook and Instagram to encourage endless scrolling and collecting data on minors. The case could force structural changes to the platforms and may carry penalties approaching hundreds of billions, dwarfing prior fines. Meta contends the allegations are flawed while facing losses in Reality Labs and heavy AI spending.
Meta has rolled out updates to its AR glasses to deter covert filming, adding a stronger capture LED safeguard and hardware-based privacy measures. The moves come as regulators in the EU probe the glasses and venues consider bans; the company reports a small share of devices have been tampered with and vows ongoing updates.
Meta is rolling out an audio-focused variant of its Ray-Ban smart glasses, aiming to calm privacy concerns while preserving AI features. The move follows backlash to camera-equipped models and signals a broader shift toward user consent and non-visual interfaces.
Meta has told investors Muse, its AI personal assistant, is unprofitable now due to compute intensity but will become highly profitable as efficiency improves. The company plans to monetize Muse through transaction fees as it scales, with expectations of profitability next year while continuing to push Reality Labs losses toward reduction.
Meta Platforms has announced a new class of non-voting Class C stock to raise capital while preserving founder Mark Zuckerberg’s voting power. The move supports its ongoing AI initiative and funding of data centers, with shares distributed to existing shareholders. The plan aims to maintain founder-led control as the company expands in AI and near-term growth ambitions.
Meta Platforms has announced a plan to raise capital to fund its AI expansion, including a potential combination of public offerings and an at-the-market stock program. The move accompanies continued heavy investment in data centers and AI products as the company faces investor scrutiny over financing its growth.