Meta CEO Mark Zuckerberg dubbed 2023 the “year of efficiency” as the social media giant’s Reality Labs division, which has been losing billions over the last few years, crossed the $1 billion revenue mark for the first time during the fourth quarter of 2023. Zuckerberg attributed the revenue milestone to Quest 2 and particularly Quest 3, the virtual reality (VR) headsets developed by Reality Labs, enjoying a strong holiday season.“Not only did we achieve our efficiency goals [last year], but we returned to ...