Meta spent the past four years trying to convince Wall Street and ordinary users that a future of virtual offices, legless avatars, and bulky headsets was worth tens of billions of dollars. Now the ...

Meta Platforms (META) is preparing to cut metaverse investments by up to 30% in 2026 after Reality Labs lost $60B since 2020. Meta froze AI division hiring in August amid restructuring despite ...

This week was a whirlwind of tech and media news, with major developments from Meta Platforms, Netflix Inc., and Amazon.com. From Meta’s potential metaverse budget cuts to Netflix’s massive ...

Meta reorganizes its metaverse unit, shifting Vishal Shah to its AI division, per an internal memo. Gabriel Aul and Ryan Cairns now lead Meta's metaverse efforts, focusing on VR and mobile. Meta CTO ...

Smart move, just late.” The curt line landed this week after Reuters revealed Meta plans up to 30% cuts to its metaverse budget for 2026, ...

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 ...

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

The Metaverse is the application of augmented reality and virtual reality to extend our physical world into the shared digital world. As well as all the changes that come with such an application.