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 ...

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

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

The Facebook parent’s shares rose 4% as the move eased some investor jitters over a bet that CEO Mark Zuckerberg has backed ...

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

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

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

Investors have complained for years that Mark Zuckerberg's metaverse operations were a drain on resources. Now they're ...

Reels and direct messaging have been the most popular features on Instagram, the company said earlier this year, which is why ...