In 2021, Mark Zuckerberg recast Facebook as Meta and declared the metaverse — a digital realm where people would work, ...

Meta is planning to slash the budget of the metaverse team, but still remains focused on hardware like AI glasses.

"I’m going to get kicked out in three days, so we need to go on a date quickly," Zuckerberg told Priscilla Chan at the time.

Meta Platforms is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported Thursday, ...

According to Instagram’s leadership, this new decision is based on the belief that the company performs better when teams are ...

Shares of Meta Platforms Inc (NASDAQ: META) climbed higher Thursday after the company announced job cuts. With shares trading ...

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an ...

OpenAI's research chief, Mark Chen, told author Ashlee Vance that the company is "always under attack" by rivals trying to ...

Citing people familiar with the discussions, Bloomberg reported on Dec. 4 that the budget cut can be up to 30%. Executives at the tech giant are reviewing plans that could reduce Reality Labs’ 2026 ...

Reports that Meta plans to slash its metaverse budget by as much as 30% have eased investor concerns around AI spending and ...

Meta Platforms shares jumped 5% after reports of planned up to 30% budget cuts in its metaverse division, including Horizon ...