The capabilities of the metaverse, particularly as an alternative to face-to-face interaction, are often called into question. The phenomenon of virtual real estate dealing in the metaverse was ...

Mark Zuckerberg spent years insisting the metaverse was the next chapter of the internet, but the bill for that bet has finally come due. After roughly $70 billion in cumulative losses tied to virtual ...

Days after Warner agreed to be bought by Netflix in early December, Paramount launched a rival bid that seeks to bypass ...

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 ...

View post: Major California Roads Are Closed Right Now—Here’s What You Need to Know Meta lost $77 billion on the metaverse gamble in five years. Zuckerberg is shifting focus from metaverse to AI, ...

Meta Platforms is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported Thursday, citing people familiar with the discussion. The Facebook parent’s shares ...

In 2021, Mark Zuckerberg recast Facebook as Meta and declared the metaverse—a digital realm where people would work, socialize, and spend much of their lives—the company’s next great frontier. He ...

CEO Mark Zuckerberg’s bet on immersive online worlds has lost the company more than $77 billion.

After blowing tens of billions of dollars to apparently no avail on the Metaverse, Meta CEO Mark Zuckerberg has been funnelling yet more billions into AI. But according to a new report in the New York ...

After a Metaverse spending splurge last year, the company has been buying a lot of Nvidia chips, which are needed to train large AI models.