Meta's multiyear push to dominate virtual reality has ended in a brutal reset. After Reality Labs piled up roughly $70 billion in losses, the company is slashing its metaverse ambitions, cutting ...

Does anyone still remember the metaverse? You may understandably have zapped it out of your brain to make room for more useful information but, to jog your memory, "metaverse" is a word Mark ...

Meta has begun a new round of job reductions that hit its virtual reality division, marking another shift in priorities at the company. The move affects staff across multiple teams and studios tied ...

In light of Reality Labs’ reorganization, which has seen recent internal studio closures and layoffs, Oculus founder Palmer Luckey calls the doomer narrative “obviously false.” Luckey literally ...

Class A shares of Meta Platforms (META) on Thursday slumped as much as -13.5% to $650.25, after the Facebook parent booked a nearly $16B one-time income tax charge in its quarterly results. At that ...

With Meta (formerly known as Facebook) reporting on its Q4 2025 earnings results for the quarter, we also got a look at what the company spent in various divisions throughout the year and how the ...

We were never going to work in virtual reality. Anybody who ever plugged their noggin into a headset and tried to complete their daily grind knew it was never going to happen. Now Meta—the company ...

Meta, the parent company of Facebook and Instagram, opened a new flagship store in Los Angeles where people can try out their smart glasses and virtual reality headsets while learning about local ...

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. It has been a sensationally bad week and change for virtual reality and the Meta Quest ...

Meta's deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses has chilled the VR industry. "The market has spoken," said Jitesh Ubrani, an analyst for ...

Meta Platforms Inc. will stop selling its Quest virtual reality headsets to business customers and discontinue a number of software services that run on the devices. The company announced the move on ...