CTO Andrew Bosworth said about 20% of the company's overall costs and expenses would be spent on the Reality Labs segment of its business next year. Reading time 3 minutes Much has changed since Mark ...

Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that ...

MENLO PARK, Calif. -- For those who don't think Zoom meetings are a good enough substitute for the real thing, Facebook has another idea: a virtual reality app that lets you and your coworkers feel ...

Facebook Inc is now called Meta, the company said on Thursday, in a rebrand that focuses on building the "metaverse," a ...

Many thought games like Assassin's Creed, Batman, and The Walking Dead were the future of VR. Turns out, they were wrong.

Meta Platforms started 2026 by laying off around 1,500 employees in its Reality Labs division, a move that highlights the fading glow of its metaverse dreams amid billions in losses and a clear shift ...

It’s just over four and a half years since one of the biggest rebrands in Big Tech history took place. On October 28, 2021, ...

To hear tech CEOs like Mark Zuckerberg or Satya Nadella talk about it, the metaverse is the future of the internet. Or it's a video game. Or maybe it's a deeply uncomfortable, worse version of Zoom?

Meta has officially set a date for the end of its virtual reality metaverse experiment. Horizon Worlds, the social VR platform that sat at the center of Mark Zuckerberg's 2021 bet on the metaverse, ...

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 ...

Facebook CEO Mark Zuckerberg laid out the company's plans for its billion-dollar metaverse platform called Horizon at the eighth Connect event on Thursday. He also announced that the company would now ...

To the outsider, it may look like a souped-up version of Virtual Reality (VR) - but some people think the metaverse could be the future of the internet. In fact, the belief is that it could be to VR ...