Meta plans deep cuts to its metaverse and Reality Labs division in 2026 — how did it go from the next big thing to nothing?

A major VR headset battle is heating up between rivals Meta, Apple and Sony, as the Japanese manufacturer has announced plans for a workplace-oriented model. Sony/dpa The metaverse will become the ...

Mark Zuckerberg spent years insisting that virtual reality would define the next era of computing, even renaming his company ...

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

Horizon Worlds and Quest are facing layoffs as Meta retreats further from its $70 billion bet on virtual reality, people ...

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

It appears Meta's Horizon Worlds may literally and figuratively not have legs after all.

It’s not hard to see why Wall Street is so thrilled. After four years and billions of dollars wasted, the metaverse — a ...

Meta executives are eying gigantic budget cuts for the teams responsible for its Meta Horizon Worlds and Quest VR headset.

Meta Platforms (NASDAQ:META) shares are back on the ascent after briefly dipping below 25% from peak levels, thanks in part ...