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 ...

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The internet was not happy about the legs. Earlier this month, the company formerly known as Facebook unveiled its new virtual reality headset, the Meta Quest Pro. The $1,500 headset offered many new ...

Even by Facebook’s standards, 2021 was a rough year. A series of damning reports based on leaks from a whistleblower raised uncomfortable questions about Facebook’s impact on society; the company ...

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 ...

The metaverse is no place for kids, according to a group of more than 70 advocates for children's rights and online privacy. Those concerned are asking Facebook's parent company, Meta, to abandon its ...

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 ...

Exploring the metaverse: What is it? Your email has been sent In a recent TechRepublic podcast, Clarence Reynolds spoke to Jana Arbanas, U.S. telecom, media and entertainment sector leader at Deloitte ...

Meta CEO Mark Zuckerberg apparently lost a flabbergasting $14 billion — yes, that’s a”billion” with a “b” — dollars last year on his metaverse moonshot. Comparatively, the Reality Labs division only ...

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 ...

In a recent interview with Meta’s current CTO Andrew Bosworth on his “Boz to the Future” podcast, Carmack said that although he’s still quite “bullish” on virtual reality itself, he thinks his ...

Meta Platforms is accelerating its pivot away from the metaverse, just over four years after the Facebook owner changed its name to signal it was going all-in on virtual and augmented reality. The ...