Meta's metaverse strategy was flawed from the jump. Zuckerberg overhyped what consumers could expect from the move, ...

Meta's multiyear push to dominate virtual reality has ended in a brutal reset. After Reality Labs piled up roughly $70 ...

The latest round of layoffs is expected to impact about 10% of Reality Labs’ workforce, which numbers roughly 15,000 ...

Meta is implementing a significant strategic shift, applying the brakes to its loss-making metaverse ambitions to refocus ...

The roughly 1,000 job cuts in Reality Labs come as Meta reallocates resources from the metaverse to AI wearables and mobile ...

Users of the VR fitness service are distraught that Supernatural has had its staff cut and won’t receive any more content ...

Meta Platforms (META) stock on Thursday gained after a report that the Facebook parent was looking at cuts in its loss-making Metaverse operations. Zuckerberg in October 2021 had rebranded Facebook ...

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for ...

This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. Like a helicopter too heavy for lift off, tech companies are ...

The Wall Street Journal frames Mark Zuckerberg’s investment in the “metaverse” as a colossal disaster. In its recent earnings call, Meta announced it was cutting to the metaverse—its virtual-reality ...

Mark Zuckerberg's metaverse empire is under siege as ByteDance, TikTok's parent, storms the mixed reality (MR) arena with its Swan goggles. Meta Platforms Inc.'s (NASDAQ:META) Quest series and ...

Venture capitalist Sarah Kunst of Cleo Capital is raising concerns regarding Meta Platforms Inc.'s (NASDAQ:META) latest reorganization and its high-priced push into artificial intelligence, warning ...