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 ...

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 ...

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

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 ...

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, ...

A sense of smug satisfaction wafts across the internet whenever a report indicates Mark Zuckerberg’s metaverse vision is in trouble. So it was last week when my colleague Kurt Wagner broke the news ...

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 ...

(Bloomberg/Kurt Wagner) — 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 ...

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 ...

Hardware teams at Meta's Reality Labs were asked to trim spending by almost 20% into 2026, The Information reported.