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 ...

The strategic shift to the Metaverse was the reason why Facebook changed its name to Meta in 2011. Now, the company is ...

Meta is scaling back its metaverse spending and redirecting resources toward AI-powered glasses and wearable devices.

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

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

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

The proposed changes are part of Meta’s annual budget planning for 2026, and the company plans to shift spending from the metaverse to AI wearables, according to a person familiar with the matter.

After years of pouring billions into building the metaverse, the company is scaling back and shifting in a new direction.

Facebook’s Mark Zuckerberg is clearly enamored with the metaverse. The chief executive officer has been talking about it for years, especially lately, but at his second-quarter earnings call on ...

It can be hard to wrap your head around the "metaverse," the expanding galaxy of online experiences that companies like Apple, Meta (formerly known as Facebook) and Microsoft envision as the next ...

Company executives say the virtual reality platform’s budget will be reduced by up to 30%, and these reductions may also ...

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