Gabriel Aul, who led the Metaverse unit, retired earlier this year, replaced by former Epic Games exec Saxs Persson.

When Mark Zuckerberg rebranded Facebook to Meta (META) in October 2021, the founder and CEO presented the name change as the next step in the company's evolution as he sought to bring the metaverse to ...

Mark Zuckerberg built a $70 billion ghost town. Now, Meta $META is quietly killing the lights in parts of the metaverse, trimming Reality Labs spending, and talking ...

Looking to become an industry leader in both generative artificial intelligence and metaverse gaming, Meta is attempting to develop a generative AI strategy for its virtual reality (VR), augmented ...

Meta $META’s cost-cutting efforts at its metaverse division, Reality Labs, could help save the company $3 billion, Bank of America $BAC analysts said Friday. Meta ...

Meta ‘s metaverse ambitions are hitting a crossroads. In a move that marks a dramatic shift in strategy, the tech giant is shutting down the VR version of Horizon Worldson Quest. Once hailed as the ...

(Bloomberg/Kurt Wagner) — 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 ...

Meta may be planning to make serious cuts to its Metaverse division, Bloomberg reported, citing anonymous sources. Company executives are mulling slashing the virtual reality platform’s budget by up ...

Meta is reportedly planning to cut spending on its metaverse group by up to 30% in 2026, including its Horizon Worlds social VR platform and the Quest virtual reality headset business, according to a ...

Here are seven of the best metaverse stocks to buy today: ...

Meta Platforms (NASDAQ:META | META Price Prediction) shares are back on the ascent after briefly dipping below 25% from peak levels, thanks in part to a calming of the tech and AI waters, as well as ...

Meta is laying off about 700 people at Facebook and its VR division reality Labs, according to a new report from CNBC. The layoffs come as Meta seeks to pivot away from its metaverse bet and lean more ...