After changing its name and going all-in on virtual reality, Meta is scaling back its metaverse operations. But that could be ...

The cuts affect multiple locations as the company shifts investment from metaverse projects to wearables. Meta still grew ...

Mark Zuckerberg has spent the past several years pitching the metaverse as the next great computing platform, even as his company faces intensifying scrutiny over how its products affect children. The ...

Meta CEO Mark Zuckerberg’s metaverse dreams seem to have been replaced by a new vision: an AI-generated social feed. In an ...

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 company and the reason for ...

The Meta CEO and co-founder also said that their smart glasses business is booming—but didn’t mention the metaverse in his ...

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 ...

Mark Zuckerberg says there's an end in sight to Reality Labs' years of multibillion-dollar losses following the company's ...

Meta Platforms (META) is planning sharp budget cuts—up to 30%—in its metaverse operations, with layoffs likely as soon as January. META's metaverse spending reductions reflect underwhelming industry ...

At the heart of the metaverse derangement was the persistent inflation of its definition. McKinsey & Company proclaimed in June 2022 that the metaverse could generate “up to $5 trillion in impact by ...