Meta's Mark Zuckerberg made a big gamble, and it reportedly cost his company $77 billion in the last five years. It's called the metaverse, and Zuckerberg was so invested in the concept that he ...

Meta is shifting Horizon Worlds away from VR and focusing almost entirely on mobile to reach a much larger audience.

Mark Zuckerberg’s dream of the metaverse has rarely looked farther away. The Facebook founder is finalizing significant budget cuts to Meta’s years-long project to create virtual worlds that users can ...

Meta is dialing back its virtual world and betting big on something you can actually wear on your face. The company is cutting more than 1,000 jobs in its Reality Labs division, the group behind its ...

Meta Inc. is beginning to cut 10% of employees, or more than 1,000 jobs, from its Reality Labs division as it shifts its investment away from metaverse products. "We said last month that we were ...

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 ...