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.

Mark Zuckerberg effectively declared its death last December. But the delusional fervor it inspired lives on. Late last year, Meta confirmed it would effectively be abandoning the metaverse, a ...

The cuts affected 10% of staff as spending shifts to its AI glasses and other wearables products.

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 ...

A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Shares of the company formerly known as Facebook shot up 7% early Thursday in ...

The post After Layoffs, Meta Shuts Down Workrooms & Rethinks Metaverse appeared first on Android Headlines.

Meta is pulling back from its once-central virtual reality ambitions, as mounting losses and weakening demand force the ...

Remember the Metaverse? It seemed like a good idea at the time. It all started in 2021, when Facebook rebranded to Meta and pledged $10 billion to build technology that could make reality totally ...

Meta Platforms is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported Thursday, citing people familiar with the discussion. The Facebook parent’s shares ...

Facebook said it plans to hire 10,000 workers in the European Union over the next five years to work on a new computing platform that promises to connect people virtually but could raise concerns ...