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

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

Several of Meta's VR studios have been affected by the company's metaverse-focused layoffs. The company has shuttered three ...

More than four years after changing its company name from Facebook to Meta, the tech giant is pulling back from its virtual ...

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

Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that ...

Meanwhile, CTO Andrew Bosworth has urged workers in the division to attend in-person meeting, said to be "most important" of ...

AI infrastructure will provides Meta with a "strategic advantage," Zuckerberg said. He once said almost the exact same thing ...

With this, the Facebook-owner is stepping scaling down its efforts on Virtual Reality (VR) and "metaverse-first" vision which ...

That rivalry never materialised, and the metaverse hasn’t taken off in the way that chief executive officer Mark Zuckerberg ...

The namesake metaverse is not the future of Meta Platforms after all. Now AI and wearables are supposed to drive the stock.