As Meta continues to shift its business model away from developing the metaverse, the company confirmed plans to lay off ...

Meta will lay off hundreds in California as it moves resources from the metaverse to AI, affecting major offices in ...

With Meta laying off a large portion of its VR department in favor of smart glasses, Oculus founder Palmer Luckey believes ...

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 ...

Mark Zuckerberg's vision for the metaverse was meant to reimagine how we interact with each other and the world, providing us ...

In light of Reality Labs’ reorganization, which has seen recent internal studio closures and layoffs, Oculus founder Palmer ...

Two months before it rebranded as Meta, Facebook CEO Mark Zuckerberg rolled out Horizon Workrooms as the metaverse for work, a virtual room where colleagues were meant to “colla ...

Meta acquired Supernatural developer Within in 2023 (after a fight with the FTC), Twisted Pixel and Armature in 2022, and Sanzaru in 2020. The company closed Echo VR developer Ready at Dawn, which it ...

Economist Dean Baker criticized Meta Platforms Inc. (NASDAQ: META) CEO Mark Zuckerberg's massive bet on the Metaverse, arguing the roughly $77 billion spent on the project represents not just a ...

In recent days, Meta Platforms has outlined heavier spending on artificial intelligence, a planned cut of up to 30% in Metaverse investment, and the US$2.00 billion acquisition of AI agent startup ...