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Quest Diagnostics set a record in April 2009 when it paid $302 million to the government to settle a Medicare fraud case alleging the company sold faulty medical testing kits. It was the largest qui tam ( whistleblower ) settlement paid by a medical lab for manufacturing and distributing a faulty product. [ 53 ]
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The Meta Quest, initially the Oculus Quest until August 2022, is a line of virtual reality headsets with augmented reality capabilities developed by Reality Labs, a division of Meta. The first-generation Oculus Quest was developed by Oculus (then a brand of Facebook, now a division of Meta Platform known as Reality Labs) and released on May 21 ...
A Meta Quest 3 and controllers. On June 1, 2023, Meta announced the Quest 3, [86] [87] which was released on October 10, 2023. It features design and hardware features from the Quest Pro, including pancake lenses for a slimmer build, upgraded hardware (including the Snapdragon XR2 Gen 2 system-on-chip) and higher resolution displays, color ...
Meta has also acquired Oculus (which it has integrated into Reality Labs), Mapillary, CTRL-Labs, and a 9.99% stake in Jio Platforms; the company additionally endeavored into non-VR hardware, such as the discontinued Meta Portal smart displays line and partners with Luxottica through the Ray-Ban Stories series of smartglasses. [21] [22]
Quest provided guidance for 2022 which calls for a total revenue to decline between 9.9% and 8.6%, though it also expects base revenues to increase approximately 5.0%. Earnings per share is ...
Lucid began building its first all-electric Lucid Air sedan in Arizona in September 2021, and deliveries began in late October. [36] Lucid produced 7,180 vehicles in 2022, [37] lower than expected, with the company citing supply chain issues. [38] [39] Lucid produced 8,428 vehicles in 2023, meeting the higher end of company guidance. [40]
The Oculus Quest and subsequent devices support "Meta Quest Link" (formerly known as "Oculus Link"), an OpenVR and OpenXR runtime that allows for PC VR games to be displayed on supported headsets connected via USB. In April 2021, Oculus released "Air Link," an alternative mode that uses WiFi for connectivity instead of USB.