Meta's multiyear push to dominate virtual reality has ended in a brutal reset. After Reality Labs piled up roughly $70 ...

Meta is pulling back from its once-central virtual reality ambitions, as mounting losses and weakening demand force the ...

Wait, no more virtual sitting in a virtual chair, chatting with virtual people with a VR headset on, for hours? Bummer.

That went well Imagine changing your popular brand to capitalize on an emerging tech trend that never emerged. Mark ...

Mark Zuckerberg's idea of immersive virtual worlds where people live, work and socialise hasn’t taken off with mainstream ...

Company cutting 1,500 Reality Labs jobs as it shifts from metaverse to AI after accumulating $70B in losses since 2020.

Meta's metaverse strategy was flawed from the jump. Zuckerberg overhyped what consumers could expect from the move, ...

Meta is laying off 1,500 Reality Labs employees, shifting focus from the metaverse to AI-powered wearables like the Ray-Ban ...

The job cuts come as the social media giant doubles down on AI and grapples with a big bet on the metaverse that didn’t pan out.

While Meta is now throwing billions at AI like all other companies in Silicon Valley, it has not yet abandoned its last great crusade, the idea that it would build an online metaverse, something it ...

Forbes contributors publish independent expert analyses and insights. Tim Bajarin covers the tech industry’s impact on PC and CE markets. Mark Zuckerberg announced his Metaverse strategy in late ...