Meta Platforms Inc. is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part of a plan to ...

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. plans to cut 10% of jobs in the company’s Reality Labs division, part of a broader strategy to shift ...

A big shakeup at Reality Labs.

Meta is dialing back its virtual world and betting big on something you can actually wear on your face. The company is ...

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 ...

Meta is shifting gears as a bold business venture faces significant challenges.

It appears the metaverse – once projected by McKinsey to be a $5 trillion market by 2030 – is ending with a whimper.

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 ...

An earlier report indicated that Meta was cutting its metaverse budget by 30%.

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 ...