Mark Zuckerberg’s dream of the metaverse has rarely looked farther away. The Facebook founder is finalizing significant budget cuts to Meta’s years-long project to create virtual worlds that users can ...
Meta Platforms is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported Thursday, citing people familiar with the discussion. The Facebook parent’s shares ...
Is the "year of efficiency" Mark Zuckerberg back at Meta Platforms ? Shares of the social media giant rallied more than 5% to $676 each at Thursday's highs after Bloomberg reported that Zuckerberg is ...
Meta lost $77 billion on the metaverse gamble in five years. Zuckerberg is shifting focus from metaverse to AI, cutting up to 30% in Reality Labs. Investors welcomed the shift; experts cite high ...
A sense of smug satisfaction wafts across the internet whenever a report indicates Mark Zuckerberg’s metaverse vision is in trouble. So it was last week when my colleague Kurt Wagner broke the news ...
In 2021, Mark Zuckerberg recast Facebook as Meta and declared the metaverse—a digital realm where people would work, socialize, and spend much of their lives—the company’s next great frontier. He ...
Mark Zuckerberg, like some in the gaming space, hold the belief that a so-called metaverse will become the next major internet innovation and push people forward into a new paradigm. Zuckerberg ...
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Meta is planning to slash the budget of the metaverse team, but still remains focused on hardware like AI glasses. Mark Zuckerberg’s dream of the metaverse has rarely looked farther away. The Facebook ...
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