Meta's Reality Labs posts $3.85 billion loss in first quarter
by CNBC
CNBC— Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.
CNBC—Verizon posts fewer first-quarter subscriber losses on flexible plan demand. Verizon Communications said on Monday it lost fewer-than-expected wireless subscribers in the first quarter thanks to its flexible plans and streaming bundles.
Breitbart—Ford Loses $1.3 Billion on Electric Vehicles in First Quarter of 2024, Delays Plans to Make More. Ford Motor Company reported a whopping $132,000 loss on each electric vehicle sold during the first three months of the year, amassing a $1.3 billion loss.
CNBC—Oil giant Shell beats first-quarter profit estimates, launches $3.5 billion share buyback. British oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, boosted by higher refining margins and robust oil trading.