February 18, 2026

Susan

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After laying off 1500 people, losing $88 billion; Meta CFO Susan Li tells analyst where the Reality Labs division will focus on

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Meta’s Reality Labs division is shifting focus from VR to wearables, despite continued development of future VR headsets. The company confirmed a significant reduction in VR investment this year, while increasing spending on wearables like smart glasses. This strategic pivot follows substantial losses in Reality Labs, with a projected peak in 2026 before expected declines….

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Philanthropy boost: Michael and Susan Dell pledge $6.25bn for ‘Trump Accounts’ launch; major gift aims to spur families to sign up

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Billionaires Michael and Susan Dell on Tuesday announced a $6.25 billion commitment to encourage American families to open the new children’s investment accounts created under President Donald Trump’s tax and spending legislation, according to AP. The pledge is intended to reach 25 million children under the age of 10 by seeding each eligible account with…

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Meta CFO Susan Li admits: Salaries adding big to the expense; says: Employee compensation costs, particularly …

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Facebook-parent Meta in its third-quarter earnings call revealed a sharp rise in the opening on artificial intelligence, with employee compensation emerging as one of the biggest cost driver for the company, as per chief financial officer Susan Li. This revelation from the company comes at a time when investor concerns are growing over Meta’s ballooning…

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