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

Company executives say the virtual reality platform’s budget will be reduced by up to 30%, and these reductions may also ...

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

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

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

Meta plans Reality Labs budget cuts up to 30%, weighing job cuts amid metaverse losses and renewed focus on AI technology.

Meta is scaling back its metaverse spending and redirecting resources toward AI-powered glasses and wearable devices, marking ...

Dropp Group has acquired metaverse platform Phly for $25 million to build “digital twins” of the major cities in the world. Dropp said it is combining with Phly (which also spells its name Flyy), a ...

Horizon Worlds and Quest are facing layoffs as Meta retreats further from its $70 billion bet on virtual reality, people ...

Meta may slash its budget for metaverse projects by up to 30 percent next year, according to a report from Bloomberg. Sources ...

The proposal reflects the overall lack of interest in products like Meta's social virtual reality platform, Horizon Worlds.