In 2021, Mark Zuckerberg recast Facebook as Meta and declared the metaverse — a digital realm where people would work, ...

Meta, Facebook's parent company, is reportedly planning significant resource cuts for its metaverse division, potentially by 30% in 2026, including layoffs. This strategic shift aims to redirect ...

Meta executives are eying gigantic budget cuts for the teams responsible for its Meta Horizon Worlds and Quest VR headset.

It’s not hard to see why Wall Street is so thrilled. After four years and billions of dollars wasted, the metaverse — a ...

Meta is planning to slash the budget of the metaverse team, but still remains focused on hardware like AI glasses.

Say goodbye to the Metaverse, Mark Zuckerberg’s personal obsession. In 2021, the Facebook founder declared that we would all ...

Meta Platforms‘ (NASDAQ:META) journey into the metaverse began in 2014 with its $2 billion acquisition of Oculus VR, a move ...

Meta is shifting some of its investments in the metaverse to AI glasses and wearables, hoping to capitalise on the "momentum" ...

The Facebook parent’s shares rose 4% as the move eased some investor jitters over a bet that CEO Mark Zuckerberg has backed ...

Executives are considering potential budget cuts as high as 30% for the metaverse group next year, which includes the virtual ...

In the 1990s, the internet upended almost every aspect of our lives. Then came smartphones, which allowed us to take the internet with us. And now, if you believe the hype, a new revolution is here.

Meta cuts—and potential layoffs—could come as early as January 2026, and will see the company's virtual reality group ...