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 is planning to slash the budget of the metaverse team, but still remains focused on hardware like AI glasses.
A sense of smug satisfaction wafts across the internet whenever a report indicates Mark Zuckerberg’s metaverse vision is in ...
Meta cuts metaverse budget by 30% after losing over $70B since 2021. With AI spending set to surge in 2026, should investors ...
Investors remain cautious about the AI push, however. In October, Meta’s shares dropped more than 10 per cent — wiping more than $208bn from its valuation, its second-biggest one-day loss in value — ...
Meta, Facebook's parent company, is reportedly planning significant resource cuts for its metaverse division, potentially by 30% in 2026, including layoffs. This strategic shift aims to redirect ...
Meta Platforms appears to be scaling back one of the boldest and costliest ambitions in the tech sector with reports ...
Meta's metaverse was doomed from the very start. Is Mark Zuckerberg now putting virtual worlds out of their misery?
The Facebook parent’s shares rose 4% as the move eased some investor jitters over a bet that CEO Mark Zuckerberg has backed with billions of dollars, only for the business to burn more than $60 ...
Meta drastically cuts metaverse spending, shifting focus and investment to AI. Read about the implications and Meta's new AI strategy.
Meta cuts—and potential layoffs—could come as early as January 2026, and will see the company's virtual reality group significantly downsized.
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