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 ...

The losses come after Meta spent years investing billions of dollars in its metaverse concept (a 3D virtual world where ...

Meta Platforms has laid off roughly 10% of staff, about 1,500 people, from its Reality Labs division, the unit that houses ...

More than 1,000 Meta employees — the ones who brought you the metaverse — are now looking for work.

Meta will also no longer sell its headsets and software as a service for businesses, another help page reads: “We are ...

Meta's metaverse strategy was flawed from the jump. Zuckerberg overhyped what consumers could expect from the move, ...

Meta stock was rising slightly. The Facebook parent is accelerating its pivot away from virtual reality, just over four years ...

Meta Platforms (META) is reworking its long term story by cutting back on metaverse projects, redirecting capital into AI infrastructure and smart glasses, and bringing Dina Powell McCormick into a ...

Meta has begun a massive set of layoffs in its reality Labs Division, as the company refocuses on developing AI-powered ...

According to MarketsandMarkets™, the global Metaverse Market size is expected to grow from USD 83.9 Billion in 2023 to USD ...

The future of Meta's virtual reality ambitions now rests largely with consumers. The immersive virtual worlds that prompted ...