Mark Zuckerberg spent years insisting the metaverse was the next chapter of the internet, but the bill for that bet has finally come due. After roughly $70 billion in cumulative losses tied to virtual ...

Meta is hitting pause on its most ambitious mixed reality hardware, pushing the debut of its next-generation glasses to 2027 and signaling a more cautious approach to the race for everyday AR ...

In 2021, Mark Zuckerberg recast Facebook as Meta and declared the metaverse—a digital realm where people would work, socialize, and spend much of their lives—the company’s next great frontier. He ...

A sense of smug satisfaction wafts across the internet whenever a report indicates Mark Zuckerberg’s metaverse vision is in trouble. So it was last week when my colleague Kurt Wagner broke the news ...

Company insiders told Bloomberg last week that Mark Zuckerberg is planning to slash its metaverse budget by 30% next year in ...

As Meta pulls back investment, here's what happened to some of the startups that went all-in on the metaverse.

In October 2021, Facebook CEO Mark Zuckerberg revealed that his social media empire was officially rebranding itself as “Meta” as part of a sweeping company-wide doubling down on virtual reality tech.

Reality Labs division has burned over $60 billion since 2020 The company has committed as much as $72 billion in capital spending this year Meta shares rise 4% Dec 4 (Reuters) - Meta (META.O), opens ...

The budget cuts aren’t yet finalized, but they could impact the team that works on Meta’s Quest headsets and Horizon Worlds, Bloomberg reports. The budget cuts aren’t yet finalized, but they could ...

Horizon OS was designed to deliver “mixed reality experiences,” and to communicate “social presence” through technologies ...

Meta has “paused” its program to license its VR operating system to other hardware companies so they could build their own ...