Mark Zuckerberg spent years insisting the metaverse was the next chapter of the internet, but the bill for that bet has ...

Rumors are swirling that Facebook parent company Meta may cut as much as 30% from its virtual reality efforts in order to ...

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

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

The metaverse is probably overvalued. We’ve seen funding in metaverse companies balloon to $12.1 billion in 2021 from $5.9 billion in 2020, according to Crunchbase. It’s hard to say if valuations are ...

Meta Platforms appears to be scaling back one of the boldest and costliest ambitions in the tech sector with reports ...

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

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

I am the VP of Engineering at Apriorit, a software development company that provides engineering services globally to tech companies. The metaverse is expected to make businesses rethink what ...

Metaverse projects have raised $115 billion in venture funding since 2010, per a PitchBook report. Coinbase Venture and Andreessen Horowitz are some of the top backers of metaverse projects. Despite ...

The term “metaverse” seems to be everywhere — in the news, on social media and even at the dinner table. Although the technology is far from mainstream, it’s quickly garnering the attention of tech ...