Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he’s moving on

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 ...

Meta’s Zuckerberg plans deep cuts for metaverse efforts

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an ...

Metaverse in big trouble? Meta, Facebook’s parent company, plans big cuts as Zuckerberg’s vision faces potential failure; here’s what you need to know

Meta, Facebook's parent company, is reportedly planning significant resource cuts for its metaverse division, potentially by 30% in 2026, including layoffs. This strategic shift aims to redirect ...
Mathrubhumi English

Zuckerberg slashes metaverse budget by 30 pc; Meta’s shares surge as focus shifts to AI

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

Good riddance to Mark Zuckerberg’s $70bn distraction: the Metaverse

Say goodbye to the Metaverse, Mark Zuckerberg’s personal obsession. In 2021, the Facebook founder declared that we would all ...

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

The Facebook parent’s shares rose 4% as the move eased some investor jitters over a bet that CEO Mark Zuckerberg has backed with billions of dollars, only for the business to burn more than $60 ...
Futurism on MSN

Zuckerberg Basically Giving Up on Metaverse After Renaming Entire Company “Meta”

In October 2021, Facebook CEO Mark Zuckerberg revealed that his social media empire was officially rebranding itself as “Meta” as part of a sweeping company-wide doubling down on virtual reality tech.
Crypto News

RIP Metaverse: Mark Zuckerberg Slashes Budget as Crypto Projects Suffer

Meta's metaverse was doomed from the very start. Is Mark Zuckerberg now putting virtual worlds out of their misery?
NBC 6 South Florida

Zuckerberg's metaverse is finally showing signs of life, but it's not from VR

When Facebook changed its name to Meta in October 2021, CEO Mark Zuckerberg used the occasion to show the world his vision of a digital future of work and recreation accessible through a virtual ...
Inc

Mark Zuckerberg’s Vision for the Metaverse Seems More Distant Than Ever

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 ...
Entrepreneur

RIP Metaverse

This article originally appeared on Business Insider. The Metaverse, the once-buzzy technology that promised to allow users to hang out awkwardly in a disorientating video-game-like world, has died ...

After losing more than $70 billion, Mark Zuckerberg seems to have finally admitted that his biggest bet is 'not working'

Meta is reportedly slashing its Metaverse budget by up to 30% for 2026, signaling a potential shift away from its ambitious virtual reality vision aft ...