The losses come after Meta spent years investing billions of dollars in its metaverse concept (a 3D virtual world where ...
Meta chief technology officer Andrew "Boz" Bosworth said early in 2025 that the metaverse could be a "legendary misadventure" ...
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Meta winds down metaverse business with VR studio closures, job cuts
More than four years after changing its company name from Facebook to Meta, the tech giant is pulling back from its virtual ...
That’s because it wasn’t just Reality Labs employees that got cut loose in Meta’s most recent layoff round; it was also some ...
AI infrastructure will provides Meta with a "strategic advantage," Zuckerberg said. He once said almost the exact same thing ...
Meta has restructured Reality Labs, closing three of its VR game studios, and will shift focus to its Wearables division.
Facebook parent Meta unveiled a high-end virtual reality headset Tuesday with the hope that people will soon be using it to work and play in the still-elusive place called the “metaverse.” The $1,500 ...
The metaverse isn't exactly a hit right now. Mark Zuckerberg has to realize that too. Layoffs are coming soon.
The metaverse has captured the attention of tech developers, marketers, and users alike. Envisioned as the digital world of the future, it promises a space where individuals can operate, communicate, ...
32.6% of U.S. youth own a virtual reality (VR) headset (41% of boys vs. 25.1% of girls). The metaverse, a space where the lines between physical and digital realities blur, is rising among younger ...
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