Executives say the company will also ship new hardware at a slower pace to prioritize a high-quality software experience.

Meta's stock prices rose following news of significant cuts to virtual reality investments, as CEO Mark Zuckerberg shifts the ...

Meta drastically cuts metaverse spending, shifting focus and investment to AI. Read about the implications and Meta's new AI ...

Meta remains the undisputed global leader in virtual reality, with a market share of 77% last year. A leaked internal memo ...

Meta is in the midst of a company-wide shakeup, pulling back from metaverse-focused projects to fund AI glasses and wearable ...

Hannah Wong told staff she is moving on to her “next chapter.” The company will be running an executive search to find a ...

Meta plans to direct its investments to focus on wearables like its augmented reality glasses but does not plan to abandon ...

Ian says the gap between Meta’s vision of its Metaverse and real life never closed. Now that gap is now forcing Meta to make ...

Not only can virtual reality (VR) allow buyers to tour homes without physically stepping inside, but it also can help the ...

This holiday season, don’t be surprised if your kid asks for a virtual reality (VR) headset. After all, they are being marketed everywhere, and Meta, the company selling the most VR headsets, lowered ...

It appears Meta's Horizon Worlds may literally and figuratively not have legs after all.

Meta is preparing to slash up to £52 billion from its Metaverse budget as Mark Zuckerberg shifts Facebook's parent company ...