Meta plans deep cuts to its metaverse and Reality Labs division in 2026 — how did it go from the next big thing to nothing?

Meta plans to direct its investments to focus on wearables like its augmented reality glasses but does not plan to abandon ...

It appears Meta's Horizon Worlds may literally and figuratively not have legs after all.

Meta is reportedly planning steep cuts to its metaverse division, according to Bloomberg. This is happening just a few years ...

Quick Read Meta Platforms (Nasdaq: META) is cutting spending on the underperforming Metaverse and redirecting resources ...

House Oversight Committee report alleges DC police chief manipulated crime data “Survivor 48” star Eva Erickson reveals she ...

Sources told Bloomberg that Meta could slash the metaverse unit’s budget by up to 30% next year. According to the Times, the ...

Five years later, that bet has become one of the most expensive misadventures in tech. Meta’s Reality Labs division has ...

Meta is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported on Thursday, citing ...

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

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

The proposal reflects the overall lack of interest in products like Meta's social virtual reality platform, Horizon Worlds.