At the heart of the metaverse derangement was the persistent inflation of its definition. McKinsey & Company proclaimed in June 2022 that the metaverse could generate “up to $5 trillion in impact by ...

Forbes contributors publish independent expert analyses and insights. Cortney is an expert in smartglasses, VR, AI, and the future of work. Just under three years later, Bloomberg is reporting that ...

Shares of Meta Platforms rose up to 4% Thursday following reports the company was scaling back its spending on the metaverse project, a virtual reality experience the company once touted as the future ...

Meta announced changes that effectively leave Mr. Zuckerberg’s vision of an immersive digital world based in virtual reality only on life support. Credit...Paul Windle Supported by By Eli Tan and Mike ...

A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Shares of the company formerly known as Facebook shot up 7% early Thursday in ...

To many, the metaverse is a childish-looking virtual world where Mark Zuckerberg invites us to socialize as clumsy, lifeless avatars. Few accepted the invitation. Now that Meta is scaling back several ...

The word “metaverse” has been used so often in recent years that it can feel more like a buzzword than a concrete idea. Tech companies promise it will change how we work, learn, play, and even relate ...

Job cuts and possible product changes at Facebook parent company Meta indicate declining investment in virtual worlds. Law firms that opened metaverse offices have already noticed waning interest and ...

As virtual environments evolve from speculative concepts into engaged digital economies, forward-thinking organizations are presented with a transformative opportunity: building dedicated marketplaces ...