Fox Business

Meta scales back metaverse spending following reports of cutting budget by up to 30%

Meta is dialing back its metaverse ambitions and redirecting resources toward AI-powered glasses and wearable technology, the company told FOX Business on Thursday. The shift follows reports that Meta ...
CNN

The metaverse is cooked, and Wall Street couldn’t be happier

A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Shares of the company formerly known as Facebook shot up 7% early Thursday in ...
New York Post

Meta shares climb on report Mark Zuckerberg plans to ax up to 30% of metaverse budget

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 ...
Forbes

Requiem For The Metaverse — How It Went From The Next Thing To Nothing

Forbes contributors publish independent expert analyses and insights. Cortney is an expert in smartglasses, VR, AI, and the future of work. Just under three years later, Bloomberg is reporting that ...
Hosted on MSN

Metaverse startups made a big splash 5 years ago. Where are they now?

As Meta pulls back investment, here’s what happened to some of the startups that went all-in on the metaverse. Word that Meta was planning to make cuts in its Reality Labs division earlier this month ...
Forbes

Meta Pivots From The “Metaverse”, Signaling A Tech Realignment

Forbes contributors publish independent expert analyses and insights. Tim Bajarin covers the tech industry’s impact on PC and CE markets. When Facebook CEO Mark Zuckerberg announced he would rename ...