Meta Gives Revenue Forecast on Low End of Forecasts

The transcript discusses Meta's revenue challenges and growth prospects, highlighting a beat in constant currency numbers and impressive impressions growth despite a decline in ad pricing. It also covers the company's cost-cutting measures and the impact of Apple's IDFA changes. The focus then shifts to Reality Labs, where revenue fell short of expectations, and the operating loss was larger than anticipated. The discussion emphasizes the importance of stabilizing the core business while addressing investor concerns about the metaverse strategy and ongoing losses in Reality Labs.

What was the operating loss for Reality Labs described in the text?

What concerns do investors have regarding Meta's long-term initiatives?