Not long since it hit peak hype in 2022, the metaverse now barely features in the latest models of smart glasses.
Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that ...
In recent days, Meta Platforms has outlined heavier spending on artificial intelligence, a planned cut of up to 30% in ...
Since reporting its Q3 2025 earnings in late October, Magnificent Seven stock Meta Platforms (NASDAQ: META) has been in a rut. Shares fell by more than 11% on Oct. 30 in reaction to those results, ...
Meta (META) is reportedly set to make cuts to its metaverse efforts as the company continues to push deeper into the AI space. CEO Mark Zuckerberg is looking to reduce the budget for the metaverse ...
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 ...
Mark Zuckerberg bet tens of billions of dollars on the “metaverse” only to be mocked for the idea of an immersive virtual-reality social network at every turn. When all is said and done, his promise ...
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 Platforms' post-earnings selloff reflects investor concern that its accelerating AI capex cycle could mirror the metaverse bust of 2021-2022. This was exacerbated by the lack of a corresponding ...
This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Zoe Thomas: Facebook parent Meta has been having trouble getting users on to its ...
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