Facebook-turned-Meta CEO Mark Zuckerberg may impressed some of us with his latest demo of far more lifelike metaverse avatars last week. But a peek behind the scenes paints a far more troubling picture of the company’s efforts to turn his VR vision into ...

Cuts—and potential layoffs—could come as early as January 2026, and will see the company’s virtual reality group significantly downsized. Shares of Meta Platforms Inc. (META) rose on Thursday after Bloomberg reported the technology company was planning to cut spending across its division by 10%,

Meta Platforms‘ (NASDAQ:META) journey into the metaverse began in 2014 with its $2 billion acquisition of Oculus VR, a move that positioned the company as a pioneer in virtual reality hardware. This laid the groundwork for immersive experiences beyond traditional screens.

Facebook has announced plans to hire 10,000 staff in Europe to work on the metaverse, its plans for a futuristic new computing platform. In essence, it is the internet in 3D. The metaverse is an online world in which people can meet, play and work ...

To hear it from Meta CEO Mark Zuckerberg, in just a few years the entire world will be able to step inside a virtual-reality utopia where they can live their best lives. Remote work meetings that put everyone in the same room, immersive rendezvous with far ...

Shares of Meta Platforms surged Thursday following a report that the company is looking to significantly cut spending on its "metaverse" projects next year.