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 ...

Mark Zuckerberg says there's an end in sight to Reality Labs' years of multibillion-dollar losses following the company's ...

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.

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

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 ...

Reality Labs' $6.02 billion operating loss was even worse than the $5.67 billion analysts had been expecting. The segment managed to record $955 million in sales, ...

As Meta continues to shift its business model away from developing the metaverse, the company confirmed plans to lay off ...

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 ...