Company insiders told Bloomberg last week that Mark Zuckerberg is planning to slash its metaverse budget by 30% next year in ...

It’s not hard to see why Wall Street is so thrilled. After four years and billions of dollars wasted, the metaverse — a ...

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

Five years later, that bet has become one of the most expensive misadventures in tech. Meta’s Reality Labs division has ...

Executives are considering potential budget cuts as high as 30% for the metaverse group next year, which includes the virtual ...

Meta executives are eying gigantic budget cuts for the teams responsible for its Meta Horizon Worlds and Quest VR headset.

Ian says the gap between Meta’s vision of its Metaverse and real life never closed. Now that gap is now forcing Meta to make ...

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

The Facebook parent’s shares rose 4% as the move eased some investor jitters over a bet that CEO Mark Zuckerberg has backed ...

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

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