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 ...

Meta is finally putting hard numbers behind its strategic pivot, cutting jobs in the very division that once embodied its ...

Meta Platforms Inc. is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part of a plan to ...

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

Neil Stephenson introduced the metaverse as a concept in his 1992 novel Snow Crash, where he depicted it as a digital realm where users, represented by avatars, engage in a simulated reality.

View post: Amazon’s Bestselling Snow Cleats With 'Solid Grip' Are On Sale for as Little as $15 Right Now Meta lost $77 billion on the metaverse gamble in five years. Zuckerberg is shifting focus from ...

According to McKinsey & Company, the metaverse is the emerging 3-D-enabled digital space that uses virtual reality, augmented reality, and other advanced internet and semiconductor technology to allow ...

Meta spokesperson Tracy Clayton confirmed that the company will be cutting more than 1,000 employees, or roughly 10% of its workforce, at its Reality Labs division, which develops mixed reality (XR) ...