Shares of Facebook parent Meta—a powerhouse stock that has surged since its debut 14 years ago—showed rare vulnerability ...

Though still refocusing on its mobile app, Meta will now continue to support Horizon Worlds' existing VR games as well.

Meta is laying off about 700 people at Facebook and its VR division reality Labs, according to a new report from CNBC. The ...

Meta Platforms will shut down its Horizon Worlds metaverse for virtual reality users in June, pivoting to a mobile-only ...

Shifting from the metaverse should boost Meta's profits.

While Meta’s shift may signal a broader retreat from the metaverse, law firms that opened virtual offices in the early 2020s ...

Meta Platforms Inc. is weighing significant cuts to the budget of its metaverse unit, Bloomberg and the New York Times reported today. The unit is responsible for the company’s Quest series of virtual ...

Shares of Meta Platforms rose up to 4% Thursday following reports the company was scaling back its spending on the metaverse project, a virtual reality experience the company once touted as the future ...

When Mark Zuckerberg rebranded Facebook to Meta (META) in October 2021, the founder and CEO presented the name change as the next step in the company's evolution as he sought to bring the metaverse to ...

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 announced a major update for its immersive virtual world, Horizon Worlds, on Thursday that will see it leave the metaverse behind. The tech giant said it’s shifting focus for Horizon Worlds to be ...