Meta is shifting some of its investments in the metaverse to AI glasses and wearables, hoping to capitalise on the "momentum" ...

Meta Platforms‘ (NASDAQ:META) journey into the metaverse began in 2014 with its $2 billion acquisition of Oculus VR, a move ...

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

Meta spent the past four years trying to convince Wall Street and ordinary users that a future of virtual offices, legless avatars, and bulky headsets was worth tens of billions of dollars. Now the ...

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

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

South Korea is known for its outsized technology and cultural exports, from smartphones and other consumer electronics, to the global phenomenon of K-Pop. Now, the country is working to add metaverse ...

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

Meta may slash its budget for metaverse projects by up to 30 percent next year, according to a report from Bloomberg. Sources ...

Dropp Group has acquired metaverse platform Phly for $25 million to build “digital twins” of the major cities in the world. Dropp said it is combining with Phly (which also spells its name Flyy), a ...

The proposal reflects the overall lack of interest in products like Meta's social virtual reality platform, Horizon Worlds.