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Meta’s Monster Quarter, Rally Rolls On, Live: ServiceNow CEO 7/27/23

Squawk on the Street

00:00

The Power of Reality Labs

Jack Lund: Tim Cook is a good business person, but just consider the amount of losses so far that they have amassed on reality labs. He says Reels has lost $38 billion with nothing generating virtually no revenue and yet it still powers ahead. Lund: It's people love pride; we haven't seen the real reality labs. What I've seen when I was with him was child's plan.

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