Meta is finally putting hard numbers behind its strategic pivot, cutting jobs in the very division that once embodied its ...

Meta will discontinue the metaverse for work on February 16th. This comes after it laid off around 10% of its entire Reality ...

Meta is laying off 1,500 Reality Labs employees, shifting focus from the metaverse to AI-powered wearables like the Ray-Ban ...

The losses come after Meta spent years investing billions of dollars in its metaverse concept (a 3D virtual world where ...

Meta will also close three VR development studios as part of the cuts: Resident Evil 4 VR developer Armature Studios, ...

View post: Nintendo Lists Switch and Switch 2 Games Under $30 You Can Play Today, Starting at $4.99 Meta lost $77 billion on the metaverse gamble in five years. Zuckerberg is shifting focus from ...

Neil Stephenson introduced the metaverse as a concept in his 1992 novel Snow Crash, where he depicted it as a digital realm where users, represented by avatars, engage in a simulated reality.

Meta confirms Horizon Workrooms will shut down in February 2026 as the company shifts focus away from metaverse workplace VR.

The namesake metaverse is not the future of Meta Platforms after all. Now AI and wearables are supposed to drive the stock.

According to McKinsey & Company, the metaverse is the emerging 3-D-enabled digital space that uses virtual reality, augmented reality, and other advanced internet and semiconductor technology to allow ...

The planned reductions will disproportionately impact teams working on VR headsets and the company's VR-based social network ...