Luckey founded Oculus and sold it to Facebook for $2 billion in 2014. He wants the metaverse to be built, but says Facebook's current product Horizon is "not good." Still, Luckey sees the possibility ...

There's only one life-giving product from Meta. Zuck just killed it.

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More It’s now two years since Facebook changed its name to Meta, ushering in a ...

As Meta continues to shift its business model away from developing the metaverse, the company confirmed plans to lay off ...

It wasn’t all that long ago when “the Metaverse” was being pushed hard in certain corners of the Big Tech universe. What was it? It wasn’t always clear — something about a virtual but realistic place ...

Meta Platforms (META) is preparing to cut metaverse investments by up to 30% in 2026 after Reality Labs lost $60B since 2020. Meta froze AI division hiring in August amid restructuring despite ...

Meta will lay off hundreds in California as it moves resources from the metaverse to AI, affecting major offices in ...

Maria Gracia Santillana is a NYC-based careers reporter. Meta handily beat Wall Street’s expectations for its Q2 results, but there was no joy in its metaverse division, which posted a ...

Remember the metaverse? No? Well, you’re not alone. It seems but a faint memory now, but before AI mania swept Silicon Valley, the concept that everyone would soon be strapping on headsets and logging ...