Gabriel Aul, who led the Metaverse unit, retired earlier this year, replaced by former Epic Games exec Saxs Persson.

When Mark Zuckerberg rebranded Facebook to Meta (META) in October 2021, the founder and CEO presented the name change as the next step in the company's evolution as he sought to bring the metaverse to ...

Meta’s enormous bet on virtual reality ended last week, with the company reportedly laying off roughly 1,500 employees from its Reality Labs division — about 10% of the unit’s staff — and shutting ...

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for ...

Meta Platforms will shut down its Horizon Worlds metaverse for virtual reality users in June, pivoting to a mobile-only experience as it retreats from the aggressive metaverse push it championed just ...

Meta is reportedly planning to cut spending on its metaverse group by up to 30% in 2026, including its Horizon Worlds social VR platform and the Quest virtual reality headset business, according to a ...

Meta is reportedly planning massive budget cuts, potentially up to 30%, for its loss-making Metaverse division, Reality Labs. Following over $70 billion in losses, the company is shifting resources ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Meta Platforms (Nasdaq: META) has faced criticism for ...

Meta Platforms (NASDAQ:META | META Price Prediction) shares are back on the ascent after briefly dipping below 25% from peak levels, thanks in part to a calming of the tech and AI waters, as well as ...

Although Meta is making a sizable reduction to the headcount in its Reality Labs division, the company hasn't given up on the metaverse just yet, according to a report from The New York Times late ...

Facebook parent Meta has announced that it's shuttering Workplace, the company's work-focused social network geared toward ...