The metaverse is on its last legs as VR is eclipsed by AI. But that's not the only thing that went wrong for Meta's VR ...
Meta is accelerating its pivot away from virtual reality, just over four years after changing its name.
The cuts affected 10% of staff as spending shifts to its AI glasses and other wearables products.
Although Meta is making a sizable reduction to the headcount in its Reality Labs division, the company hasn't given up on the ...
Meta is pulling back from its once-central virtual reality ambitions, as mounting losses and weakening demand force the company to rethink its strategy.
Meta’s earnings beat expectations, but investors question whether its $135 billion AI push will pay off after metaverse losses and rising competition.
After changing its name and going all-in on virtual reality, Meta is scaling back its metaverse operations. But that could be ...
It can be hard to know where stocks are headed, but we've got a Meta stock price prediction forecast for 2026 and 2030 that you should check out.
Meta Platforms Inc. is weighing significant cuts to the budget of its metaverse unit, Bloomberg and the New York Times reported today. The unit is responsible for the company’s Quest series of virtual ...
Meta stock jumped after Q4 earnings showed AI-driven ad growth is paying off, easing fears that Meta’s AI push will repeat its metaverse mistakes.
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 ...
Meta is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported today, citing people familiar with the discussions. The Facebook parent’s shares rose 4% as the ...