Meta has announced that it is discontinuing the metaverse for work on February 16th, 2026. This is a virtual space for workers to collaborate and connect. The company clarifies that any data ...

Meta Platforms META10.40%increase; green up pointing triangle has laid off roughly 10% of staff, about 1,500 people, from its Reality Labs division, the unit that houses its virtual and augmented ...

The Metaverse is the application of all types of technology: 5G, Edge Computing, augmented reality, virtual reality, and NFTs to extend our physical world into the shared digital world. As well as all ...

While many are still around, some have pivoted to other areas. Others have shuttered as revenue remains sparse, funding efforts have fallen flat, or the real world proved more interesting to consumers ...

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Wall Street is sending a clear signal to Meta Platforms that it wants the company to reduce spending on Reality Labs. Facebook changed its name in October 2021 to Meta Platforms to better capture the ...

According to Bloomberg, Meta is cutting 30% of its metaverse budget. Its Reality Labs division is on track to lose close to $20 billion. Layoffs in 2022 helped ignite a boom in the stock. Zuckerberg's ...

View post: Florida's Historic February Freeze Shatters 117-Year Records and Creates Strange Sky Phenomenon Meta lost $77 billion on the metaverse gamble in five years. Zuckerberg is shifting focus ...

As the Metaverse evolves beyond its early hype cycle, its real potential is becoming easier to see. Instead of standing alone, it’s increasingly tied to bigger shifts across tech, including advances ...

Bottom line: After burning tens of billions and stubbornly insisting the metaverse would eventually justify the cost, Mark Zuckerberg appears to be backing away from his most ambitious project. Once ...

Meta is dialing back its metaverse ambitions and redirecting resources toward AI-powered glasses and wearable technology, the company told FOX Business on Thursday. The shift follows reports that Meta ...