CoinDesk: Meta Misses Q3 Revenue Estimates for Metaverse Division; Core Scientific's Bankruptcy Warning
Meta Platforms (FB) reported third-quarter revenue of just $285 million in its Facebook Reality Labs (FRL) division, which comprises its augmented and virtual reality operations. That fell short of analyst expectations of $406 million. Plus, the world's largest bitcoin miner, Core Scientific (CORZ), warns that it may have to explore bankruptcy if it fails to improve its financial condition.
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