The metaverse is on its last legs as VR is eclipsed by AI. But that's not the only thing that went wrong for Meta's VR ...

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Meta, which is to say Facebook, laid off 1,500 or so employees from its Reality Labs division. A vast pool of talent wasted on Mark Zuckerberg's bet on virtual reality, it draws down a project that ...

Meta Platforms has initiated sweeping workforce reductions across its Reality Labs division, cutting more than 1,000 ...

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

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