The losses come after Meta spent years investing billions of dollars in its metaverse concept (a 3D virtual world where ...

Meta is laying off around 10% of staff at its Reality Labs division as part of sweeping cuts set to affect more than 1,000 ...

Meta’s grand metaverse experiment has reached a brutal inflection point. After Reality Labs racked up tens of billions of ...

Meta acquired Supernatural developer Within in 2023 (after a fight with the FTC), Twisted Pixel and Armature in 2022, and ...

BEIJING — While metaverse hype has swept the world this year, one of China's tech giants in the game has revealed a version of the virtual ecosystem that's underwhelming so far. The metaverse can be ...

Meta is laying off more than 1,000 workers, signaling a partial retreat from the company’s much-derided metaverse ambitions.

Facebook founder Mark Zuckerberg is such a big believer in the idea of the metaverse that he changed the name of his company to Meta. However, a leaked internal memo suggests that few of the ...

Epic Games has been "growing Fortnite as a metaverse-inspired ecosystem for creators," according to Sweeney. The game's growth is now primarily driven by creator content, meaning lower revenue for ...

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More It’s now two years since Facebook changed its name to Meta, ushering in a ...