An Immersive Experience" Meta has partnered with iHeartMedia to stream an immersive virtual reality concert featuring ...

Meta Platforms shares jumped 5% after reports of planned up to 30% budget cuts in its metaverse division, including Horizon ...

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

Meta is planning to raise prices for its VR devices, citing tariffs and a shift to sustainable business models for long-term ...

After years of pouring billions into building the metaverse, the company is scaling back and shifting in a new direction.

According to reports first published by Bloomberg, Meta executives have discussed major funding cuts within the Reality Labs ...

Mark Zuckerberg’s metaverse vision has not taken off despite his conviction that people will one day work and play in virtual ...

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

Meta’s metaverse vision has not gained the traction Zuckerberg hoped for, though he still believes people will one day work ...

Meta is reportedly planning budget cuts on its Metaverse division in an AI total shift, slashing Reality Labs spending to ...

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

Wall Street is sending a clear signal to Meta Platforms that it wants the company to reduce spending on Reality Labs.