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Coming up, Meta posts another revenue decline,

layoffs at Zillow, and the latest in startup business news.

Earlier this year, Meta posted its first quarterly revenue decline.

Once again, Meta's financials aren't inspiring much faith in its investors this quarter with revenue declining 4% year

over year to hit 27.7 billion dollars.

Meanwhile net income was just 4.395 billion dollars down from 9.194 billion dollars a year over year.

This decline in income is mostly due to Meta's huge investment in the Metaverse.

Reality Labs, Meta's Virtual Reality division, lost 3.672 billion dollars

this quarter. The same thing happened in Q1 when CEO Mark Zuckerberg justified a $3 billion

loss by saying that the 2030s will be exciting.

And Zillow has laid off about 300 employees as it is shifting focus toward technology-related positions in the company.

The Seattle headquartered online real estate marketplace informed its impacted employees

...