Facebook Reality Labs will include augmented and virtual reality hardware, software and content.
The company, he said, is trying to balance free expression with reducing harmful content andprivacy.
Facebook has said its internal research is being mischaracterized.
The social internet unveiled its reporting structure change as it released its third-quarter earnings.
Facebook earned $3.22 per share, surpassing estimates of $3.18 from analysts surveyed by Thomson Reuters.
Facebook had 2.91 billion monthly active users, up 6% from the same period last year.
Facebook said it expects the coronavirus pandemic andApple’sprivacy changes to hurt its ads business.
The company’s stock is up 4% to $342.60 per share in after-hours trading.
