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Meta's Reality Labs posts $4.5 billion loss in second quarter as former employees question its future

Meta's Reality Labs division is still bleeding billions of dollars a quarter. Reality Labs reported a loss of $4.48 billion in its second quarter earnings, while its revenue was only $353 million.

Qualcomm Rally Fizzles on Concern About Slow Smartphone Recovery

(Bloomberg) -- Shares of Qualcomm Inc., the world’s biggest seller of smartphone processors, fell as much as 7.7% on concern that the phone market is recovering more slowly than investors had hoped. M ...