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 ...

After betting heavily on the metaverse—and spending many billions building it—Meta recently pivoted hard.

・Meta’s metaverse rollout struggled from the start, hampered by poor adoption. ・Reality Labs has become a significant financial drag, posting massive operating losses that now look increasingly ...

In 2021, Mark Zuckerberg recast Facebook as Meta and declared the metaverse—a digital realm where people would work, socialize, and spend much of their lives—the company’s next great frontier. He ...

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 ...

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for ...

--Meta Platforms Chief Executive Officer Mark Zuckerberg is expected to cut up to 30% of the budget for the group building the metaverse, Bloomberg reported Thursday, citing people familiar with ...

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 ...