Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an ...

Meta's stock has surged as investors reward a sharp pivot away from its most expensive Metaverse ambitions and toward more ...

Investors remain cautious about the AI push, however. In October, Meta’s shares dropped more than 10 per cent — wiping more than $208bn from its valuation, its second-biggest one-day loss in value — ...

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

Shares of Meta Platforms surged Thursday following a report that the company is looking to significantly cut spending on its "metaverse" projects next year.

Discover top metaverse investment trends for 2025. Learn about virtual real estate, AI-driven avatars, and enterprise ...

Horizon Worlds and Quest are facing layoffs as Meta retreats further from its $70 billion bet on virtual reality, people familiar with the matter told Bloomberg.

CEO Mark Zuckerberg’s bet on immersive online worlds has lost the company more than $77 billion.

Meta's plan to cut back on metaverse spending is a sign that projects not helping tech companies' AI goals are falling out of favor.

That November, chief executive Mark Zuckerberg announced the company would rebrand as Meta, with its focus to “bring the ...

To many consumers, the metaverse seems like a far-off fantasy. To many brands, however, it’s already here. Companies that anticipated dramatic transformation sparked by the metaverse are investing in ...