Meta is planning to slash the budget of the metaverse team, but still remains focused on hardware like AI glasses. Mark Zuckerberg’s dream of the metaverse has rarely looked farther away. The Facebook ...

After betting heavily on the metaverse—and spending many billions building it—Meta recently pivoted hard.

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for ...

Meta’s long, expensive detour into virtual worlds is finally giving way to something more grounded: making money from products people actually use. After years of hype, investor frustration, and ...

Meta Platforms (META) is planning sharp budget cuts—up to 30%—in its metaverse operations, with layoffs likely as soon as January. META's metaverse spending reductions reflect underwhelming industry ...

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 ...

In 2021, Mark Zuckerberg recast Facebook as Meta and declared the metaverse—a digital realm where people would work, socialize, and spend much of their lives—the company’s next great frontier. He ...

Mark Zuckerberg, like some in the gaming space, hold the belief that a so-called metaverse will become the next major internet innovation and push people forward into a new paradigm. Zuckerberg ...

Mark Zuckerberg’s dream of the metaverse has rarely looked farther away. The Facebook founder is finalizing significant budget cuts to Meta’s years-long project to create virtual worlds that users can ...