Meta's pullback from the metaverse and renewed AI focus sent its stock lower, drawing attention to communication services and ...

Meta is finally putting hard numbers behind its strategic pivot, cutting jobs in the very division that once embodied its ...

Meta is implementing a significant strategic shift, applying the brakes to its loss-making metaverse ambitions to refocus ...

We said last month that we were shifting.” The short line landed like a blow when Meta confirmed Reality Labs cuts this week, ...

Company cutting 1,500 Reality Labs jobs as it shifts from metaverse to AI after accumulating $70B in losses since 2020.

Shares of Meta Platforms rose up to 4% Thursday following reports the company was scaling back its spending on the metaverse project, a virtual reality experience the company once touted as the future ...

Virtual reality was once promised to be the future of not only video games, but social media. Is that future still possible? NPR's Ailsa Chang talks to Vishal Shah, VP of the Metaverse, to find out.

Before generative AI shook everything up, the metaverse was the next big thing. Now, it's "AI and the metaverse." For those with short attention spans, a social media company named Facebook changed ...

Last year, artificial intelligence and metaverse-related stocks outperformed the broad technology sector by double digits. The Application Software and Interactive Media sub-industries were the main ...