Mark Zuckerberg effectively declared its death last December. But the delusional fervor it inspired lives on.
Meta’s grand metaverse experiment has reached a brutal inflection point. After Reality Labs racked up tens of billions of ...
Meta Platforms has laid off roughly 10% of staff, about 1,500 people, from its Reality Labs division, the unit that houses ...
While the metaverse is often seen as a joke in 2025 because of low user counts and poor financial performance (take Meta's Reality Labs division and its continued losses, estimated by Statista at $70 ...
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.
It appears the metaverse – once projected by McKinsey to be a $5 trillion market by 2030 – is ending with a whimper.
Meta will also close three VR development studios as part of the cuts: Resident Evil 4 VR developer Armature Studios, ...
Meta will also no longer sell its headsets and software as a service for businesses, another help page reads: “We are ...
Meta's pullback from the metaverse and renewed AI focus sent its stock lower, drawing attention to communication services and ...
The Roundhill Ball Metaverse ETF offers exposure to companies advancing the metaverse, spanning infrastructure, software, and user interface technologies. METV is a capital appreciation vehicle, ...