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 ...
In November 2022, Meta said it was laying off 11,000 employees, or 13% of its workforce, a move that helped kick off a ...
Meta reportedly delays its mixed reality glasses until 2027. These could be different from the current line, with a ...
After years of pouring billions into building the metaverse, the company is scaling back and shifting in a new direction.
On December 4, Citi reiterated its Buy rating and maintained an $850 price target on Meta Platforms Inc. (NASDAQ:META).
The company formerly known as Facebook has had some trouble making its namesake metaverse become a thing. And rumors are that division of the company is facing massive budget cuts. But things aren’t ...
Meta is quietly pulling the plug on its most expensive gamble yet—after burning through $70 billion. Behind closed doors in ...
Meta has reportedly delayed its "Phoenix" mixed reality glasses to 2027, citing a need for polish amid reported 30% budget cuts at Reality Labs.
Meta pushes back launch of Phoenix mixed reality glasses to first half of 2027 due to CEO's caution for more reliable product ...
Meta lready sells VR headsets and Ray-Ban smart glasses, but these new glasses sound a bit different. Their format factor ...
According to a report from Bloomberg, Meta will cut spending by up to 30% on Meta Horizon Worlds and Quest virtual-reality development as part of the company's annual budget planning for the new year.
Meta Platforms ( META) has delayed the release of its new mixed reality glasses, code-named “Phoenix,” to the first half of ...
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