Meta plans to direct its investments to focus on wearables like its augmented reality glasses but does not plan to abandon ...

Social media giant Meta is reportedly planning to scale back its metaverse spending by up to 30% and redirect the funds into ...

Cuts that high would most likely include layoffs as early as January, according to the people, though a final decision has ...

Mark Zuckerberg’s metaverse vision has not taken off despite his conviction that people will one day work and play in virtual ...

Meta pivots from costly metaverse projects to AI-powered glasses. Company redirects Reality Labs resources following reports ...

Meta confirmed a reduction in resources for the metaverse, and said savings are expected to funnel toward other futuristic ...

Meta is reportedly planning to slash its metaverse budget by up to 30% as part of its 2026 annual budget planning. This move ...

Investors remain cautious about the AI push, however. In October, Meta’s shares dropped more than 10 per cent, wiping more ...

It appears Meta's Horizon Worlds may literally and figuratively not have legs after all.

Meta plans Reality Labs budget cuts up to 30%, weighing job cuts amid metaverse losses and renewed focus on AI technology.

Meta Platforms‘ (NASDAQ:META) journey into the metaverse began in 2014 with its $2 billion acquisition of Oculus VR, a move ...