After changing its name and going all-in on virtual reality, Meta is scaling back its metaverse operations. But that could be a good thing for VR, experts tell Euronews Next. The start of 2026 ...

Meta CTO Andrew Bosworth offered the first bit of insight into the company’s recent Reality Labs shakeup, publicly acknowledging that Meta’s metaverse efforts suffered from a “lack of focus” that ...

Meta’s enormous bet on virtual reality ended last week, with the company reportedly laying off roughly 1,500 employees from its Reality Labs division — about 10% of the unit’s staff — and shutting ...

Meta Platforms META-0.96%decrease; red down pointing triangle has laid off roughly 10% of staff, about 1,500 people, from its Reality Labs division, the unit that houses its virtual and augmented ...

The Meta Quest 3 VR goggles and controllers are shown sitting on a wooden tabletop with blue walls and a white door in the background. (Engadget) The news isn’t too surprising. Reality Labs has lost ...

At the heart of the metaverse derangement was the persistent inflation of its definition. McKinsey & Company proclaimed in June 2022 that the metaverse could generate “up to $5 trillion in impact by ...

I find Prologue, the new survival game from PlayerUnknown Productions, a fascinating project. It takes survival gameplay back to basics, yet hosts it in millions of huge, life-like maps created with ...

While many are still around, some have pivoted to other areas. Others have shuttered as revenue remains sparse, funding efforts have fallen flat, or the real world proved more interesting to consumers ...

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According to Bloomberg, Meta is cutting 30% of its metaverse budget. Its Reality Labs division is on track to lose close to $20 billion. Layoffs in 2022 helped ignite a boom in the stock. Zuckerberg's ...

This week was a whirlwind of tech and media news, with major developments from Meta Platforms, Netflix Inc., and Amazon.com. From Meta’s potential metaverse budget cuts to Netflix’s massive ...