The metaverse is on its last legs as VR is eclipsed by AI. But that's not the only thing that went wrong for Meta's VR ...

Meta Platforms Inc. is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part of a plan to redirect resources from virtual reality and metaverse products toward AI ...

Meta is dialing back its virtual world and betting big on something you can actually wear on your face. The company is cutting more than 1,000 jobs in its Reality Labs division, the group behind its ...

Meta Platforms stock rose after Bloomberg reported that Chief Executive Mark Zuckerberg is exploring cutting up to 30% of the budget for the metaverse group. Shares were up 4.2% to $666.27 in Thursday ...

As we expected, Meta has begun laying off more than 1,000 employees from its Reality Labs division, which focused on virtual reality and metaverse products, Bloomberg reports. The company will refocus ...

A big shakeup at Reality Labs.

Meta is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported today, citing people familiar with the discussions. The Facebook parent’s shares rose 4% as the ...

Take Zuckerberg's outlook with a grain of salt. After all, he thought we'd all be hanging out in the metaverse by now.

Facebook changed its name in 2021 to reflect the company’s newfound dedication to the interconnected virtual world concept known as the metaverse. Now, Meta is dialing back its intentions of being “a ...

Meta is accelerating its pivot away from virtual reality, just over four years after changing its name.

Meta's Mark Zuckerberg made a big gamble, and it reportedly cost his company $77 billion in the last five years. It's called the metaverse, and Zuckerberg was so invested in the concept that he ...