The strategic shift to the Metaverse was the reason why Facebook changed its name to Meta in 2011. Now, the company is ...

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

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

Meta, Facebook's parent company, is reportedly planning significant resource cuts for its metaverse division, potentially by 30% in 2026, including layoffs. This strategic shift aims to redirect ...

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

Meta lready sells VR headsets and Ray-Ban smart glasses, but these new glasses sound a bit different. Their format factor ...

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.