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 ...

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 ...

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 Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for ...

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 ...

Mark Zuckerberg’s dream of the metaverse has rarely looked farther away. The Facebook founder is finalizing significant budget cuts to Meta’s years-long project to create virtual worlds that users can ...