Crypto products see 4th week of inflows amid race for Bitcoin ETFs: CoinShares

Reality Labs, a division of Meta, achieved a record-breaking quarterly revenue, but concurrently incurred a loss exceeding $4 billion.

Fri, 02 Feb 2024 06:56:44 GMT

Despite achieving one of its strongest quarterly revenue performances, Meta's Reality Labs, specializing in virtual and augmented reality (VR/AR), recorded an operating loss exceeding $4.6 billion in the last quarter of the fiscal year.

The financial report for the fourth quarter of 2023 revealed a significant loss of $4.65 billion for Reality Labs, juxtaposed with an impressive revenue of nearly $1.1 billion. This marks the highest quarterly operating loss for the division since the fourth quarter of 2020 when Meta began including Reality Labs' financials in its reporting.

In 2023, Reality Labs' total revenues amounted to just under $1.9 billion, with more than half of this annual revenue generated in the fourth quarter, coinciding with the launch of Meta Quest 3. The total operating loss for the entire year was $16.1 billion, reflecting a 17.5% year-on-year increase from the previous fiscal year.

Crypto products see 4th week of inflows amid race for Bitcoin ETFs: CoinShares

Tue, 24 Oct 2023 02:09:22 GMT

CoinShares Head of Research James Butterfill however noted that the recent week’s inflows still haven’t reached the levels seen earlier this year when BlackRock first filed for a spot Bitcoin ETF.

Welcome to Paragraph!

Tue, 24 Oct 2023 02:03:45 GMT

Paragraph lets you create and share beautifully crafted posts - just like this one.

Write anything - from your smallest paragraph to your grandest masterpiece - and publish it online or send it as email newsletters directly to your readers.

Your Paragraph publication is blazing-fast, SEO optimized, and combines the best parts of both web2 and web3 to help you create content and grow your community better than ever.

Getting started

What you're looking at right now is the Paragraph editor. We support markdown, callouts, code, and rich media embeds like Twitter and YouTube.

paragraph.xyz

@paragraph_xyz

On http://paragraph.xyz, all posts are stored on @ArweaveTeam. This means they're immutable, uncensorable, permanent, and composable ✨

When you publish a post, you'll have the option of sending it as a newsletter or storing it in the permanent & uncensorable Arweave.

Helpful links

Here's a few helpful pointers to customize your publication & get the most out of Paragraph:

Theming & customization. Change your publication's font & colors; truly make this space your own.
Set up a welcome email. This is the email your readers receive when they subscribe to your newsletter.
Configure your publication's settings. Add links to your homepage, set up a custom domain, configure Google Analytics & more.

Need help or have feedback?

We've put together some documentation here, but if you still have questions you'd like answered we’d love to hear from you.

You can reach us via email at hello@paragraph.xyz or subscribe to our newsletter here. We're also pretty active on Discord.