When Facebook changed its name to Meta a few years ago, the idea was that the VR metaverse would become a huge pillar for the company. I think we can safely say that's not going to happen.

ARK analysts say Muse has displaced the metaverse at the center of Zuckerberg's vision. That is a change in priorities, not ...

Gabriel Aul, who led the Metaverse unit, retired earlier this year, replaced by former Epic Games exec Saxs Persson.

Meta is dialing back its metaverse ambitions and redirecting resources toward AI-powered glasses and wearable technology, the company told FOX Business on Thursday. The shift follows reports that Meta ...

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Meta's (META) reported plan for deep cuts to its metaverse spending could spark a "significant rally" for shares of the Facebook parent company, Mizuho analysts said. Meta stock edged higher Friday.

Meta is reportedly considering slashing spending on its metaverse division. Meta’s metaverse division works on the company’s vision for a shared, immersive digital universe where people can socialize, ...

Meta CTO Andrew Bosworth offered the first bit of insight into the company’s recent Reality Labs shakeup, publicly acknowledging that Meta’s metaverse efforts suffered from a “lack of focus” that ...

Meta may be planning to make serious cuts to its Metaverse division, Bloomberg reported, citing anonymous sources. Company executives are mulling slashing the virtual reality platform’s budget by up ...

Meta’s grand metaverse experiment has reached a brutal inflection point. After Reality Labs racked up tens of billions of dollars in losses and wiped out a huge chunk of shareholder value, the company ...

You're currently following this author! Click to unsubscribe from email alerts. Meta is planning budget cuts and considering job cuts as part of that across its metaverse unit, according to a person ...