Company insiders told Bloomberg last week that Mark Zuckerberg is planning to slash its metaverse budget by 30% next year in ...

Meta Platforms appears to be scaling back one of the boldest and costliest ambitions in the tech sector with reports ...

A sense of smug satisfaction wafts across the internet whenever a report indicates Mark Zuckerberg’s metaverse vision is in ...

Meta CEO Mark Zuckerberg finally acknowledges that his massive Metaverse bet isn’t delivering results, prompting major ...

The metaverse simply hasn't panned out. Markets are becoming more optimistic on Meta Platform's future as it ponders big cuts ...

Meta cuts metaverse budget by 30% after losing over $70B since 2021. With AI spending set to surge in 2026, should investors ...

Say goodbye to the Metaverse, Mark Zuckerberg’s personal obsession. In 2021, the Facebook founder declared that we would all ...

Reality Labs encompasses several areas of Meta's VR/AR business, but Bloomberg writes that two of them will be hit hardest: ...

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 — ...

Mark Zuckerberg's private concession that the metaverse 'isn't working' follows more than $70bn in losses and triggers a ...

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 ...

Mark Zuckerberg spent years insisting the metaverse was the next chapter of the internet, but the bill for that bet has ...