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

Meta plans to direct its investments to focus on wearables like its augmented reality glasses but does not plan to abandon ...

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

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

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

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

Meta's stock prices rose following news of significant cuts to virtual reality investments, as CEO Mark Zuckerberg shifts the ...

Social media giant Meta is reportedly planning to scale back its metaverse spending by up to 30% and redirect the funds into virtual reality glasses and artificial intelligence. No final decision has ...

Meta Platforms Inc. shares rose as much as 5.7% on Thursday after Bloomberg reported CEO Mark Zuckerberg plans significant ...

If there’s one buzzword the tech world couldn’t stop using in 2021, it was metaverse. Well, that and NFTs, but let’s talk about tech CEOs’ fixation on the metaverse. To hear today’s CEOs talk about it ...

In a move that signals the company’s growing focus on augmented and virtual reality projects, Facebook — which owns the photo sharing app Instagram, the virtual reality company Oculus and the ...

It appears Meta's Horizon Worlds may literally and figuratively not have legs after all.