The company has struggled to convince investors of the viability of the metaverse, a nascent technology.

After years of pouring billions into building the metaverse, the company is scaling back and shifting in a new direction.

Meta is planning to slash the budget of the metaverse team, but still remains focused on hardware like AI glasses.

It appears Meta may finally be ready to put the metaverse out of its misery.

Meta pivots from costly metaverse projects to AI-powered glasses. Company redirects Reality Labs resources following reports ...

Meta plans to direct its investments to focus on wearables like its augmented reality glasses but does not plan to abandon ...

Since reporting its Q3 2025 earnings in late October, Magnificent Seven stock Meta Platforms (NASDAQ: META) has been in a rut ...

Meta is scaling back its metaverse spending and redirecting resources toward AI-powered glasses and wearable devices.

Meta Platforms (META) is cutting its Metaverse budget to fund its artificial intelligence (AI) and smart glasses, sources ...

Meta, Facebook's parent company, is reportedly planning significant resource cuts for its metaverse division, potentially by ...

Company executives say the virtual reality platform’s budget will be reduced by up to 30%, and these reductions may also ...

Meta plans Reality Labs budget cuts up to 30%, weighing job cuts amid metaverse losses and renewed focus on AI technology.