Meta lost $77 billion on the metaverse gamble in five years. Zuckerberg is shifting focus from metaverse to AI, cutting up to 30% in Reality Labs. Investors welcomed the shift; experts cite high ...

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 ...

Is the "year of efficiency" Mark Zuckerberg back at Meta Platforms ? Shares of the social media giant rallied more than 5% to $676 each at Thursday's highs after Bloomberg reported that Zuckerberg is ...

Mark Zuckerberg's vision for the metaverse was meant to reimagine how we interact with each other and the world, providing us with an immersive world where we could seamlessly combine digital and ...

Meta Platforms is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported Thursday, citing people familiar with the discussion. The Facebook parent’s shares ...

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 ...

Mark Zuckerberg, like some in the gaming space, hold the belief that a so-called metaverse will become the next major internet innovation and push people forward into a new paradigm. Zuckerberg ...

Shares of Meta Platforms rose up to 4% Thursday following reports the company was scaling back its spending on the metaverse project, a virtual reality experience the company once touted as the future ...