Meta is sticking with its VR division and plans to invest more in new hardware in the future. Smart glasses sales have more ...

Facebook parent company Meta's Reality Labs metaverse-focused division generated $2.2 billion in revenue for the 12 months ending December 31st, 2025, but clocked up a $19.2 billion operational loss.

The cuts affected 10% of staff as spending shifts to its AI glasses and other wearables products.

Meta Platforms has initiated sweeping workforce reductions across its Reality Labs division, cutting more than 1,000 ...

A big shakeup at Reality Labs.

The metaverse is on its last legs as VR is eclipsed by AI. But that's not the only thing that went wrong for Meta's VR ...

The post Meta Ditches the Metaverse for Smart Glasses After $70B Reality Labs Loss appeared first on Android Headlines.

When Mark Zuckerberg rebranded Facebook to Meta (META) in October 2021, the founder and CEO presented the name change as the ...

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE:BABA) recently made cuts to its metaverse division, Yuanjing, as part of a broader trend of tech companies scaling back their investments ...

Meta is reportedly planning massive budget cuts, potentially up to 30%, for its loss-making Metaverse division, Reality Labs. Following over $70 billion in losses, the company is shifting resources ...

FORT LAUDERDALE, Fla., Feb. 17, 2022 /PRNewswire/ -- Graystone Company, Inc. (OTCQB: GYST), is pleased to announce its expansion into real estate development in the Metaverse. We have created a ...

Meta CEO Mark Zuckerberg’s metaverse dreams seem to have been replaced by a new vision: an AI-generated social feed. In an earnings call on Wednesday, Zuckerberg reiterated his belief that AI will ...