Meta Platforms is accelerating its pivot away from the metaverse, just over four years after the Facebook owner changed its ...

When Mark Zuckerberg rebranded Facebook to Meta (META) in October 2021, the founder and CEO presented the name change as the ...

Mark Zuckerberg effectively declared its death last December. But the delusional fervor it inspired lives on.

Meta said it's shutting down Workrooms in February, deleting user data as Reality Labs faces layoffs and the company ...

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 ...

A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Shares of the company formerly known as Facebook shot up 7% early Thursday in ...

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 ...

Meta is preparing to cut roughly 10% of staff from its metaverse-focused division, a move that underscores the company’s ...

The job cuts come as the social media giant doubles down on AI and grapples with a big bet on the metaverse that didn’t pan ...

View post: Nintendo Lists Switch and Switch 2 Games Under $30 You Can Play Today, Starting at $4.99 Meta lost $77 billion on the metaverse gamble in five years. Zuckerberg is shifting focus from ...

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 ...

Meanwhile, CTO Andrew Bosworth has urged workers in the division to attend in-person meeting, said to be "most important" of ...