The memo also indicated that Meta will slow the pace of new hardware releases to focus on delivering higher-quality software that better matches its devices’ capabilities. Benzinga reached out to Meta ...

Translucia is a Thailand-led metaverse initiative launched by T&B Media Global. It’s framed as a full virtual world where people can interact, attend experiences, and take part in commerce. For brands ...

Mark Zuckerberg’s dream of the metaverse has rarely looked farther away. The Facebook founder is finalizing significant budget cuts to Meta’s years-long project to create virtual worlds that users can ...

Shares of Meta Platforms (META) jumped as much as 6% in premarket trading on Thursday after Bloomberg reported that CEO Mark Zuckerberg is expected to make cuts in the company's Metaverse operations.

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 ...

Following major budget cuts to its Reality Labs metaverse division, Meta has issued an unexpected pause to its planned international expansion of its newest Ray-Ban Smart Glasses model, “Meta Ray-Ban ...

Just a few years ago, the company then known as “Facebook” rebranded to “Meta.” The bold move reflected a strong commitment to the metaverse technology. However, the firm is reportedly preparing to ...

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for ...

Mark Zuckerberg's metaverse vision has not taken off despite his conviction that people will one day work and play in virtual worlds Meta Platforms CEO Mark Zuckerberg is expected to cut resources for ...

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 ...