After betting heavily on the metaverse—and spending many billions building it—Meta recently pivoted hard.

Discover how Meta leverages ads on Facebook and Instagram while expanding into the metaverse with VR technologies.

In the rapidly evolving landscape of technology, few concepts have captured the collective imagination as powerfully as the metaverse. This virtual universe, an extension of the Web3 framework, is ...

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 ...

It launched Horizon Worlds, a VR metaverse that people could explore and create worlds in. It looked bad and wasn’t great, ...

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 ...

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 ...

Meta has announced that its social virtual world, Horizon Worlds, will shift toward a mobile-first experience, loosening its ties to the Quest virtual reality headset line. The decision, confirmed ...

Meta (META) hasn’t given up on the metaverse, despite a very public pivot to artificial intelligence. “Our investments in AI continue. We remain fully committed to the Metaverse vision as well. We've ...

Now that he’s all but abandoned his capital-M Metaverse, Facebook founder Mark Zuckerberg’s pivot to artificial intelligence is in the spotlight — and it’s gonna be hella expensive. In a post on ...

Meta’s enormous bet on virtual reality ended last week, with the company reportedly laying off roughly 1,500 employees from its Reality Labs division — about 10% of the unit’s staff — and shutting ...