Company insiders told Bloomberg last week that Mark Zuckerberg is planning to slash its metaverse budget by 30% next year in ...

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 ...

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 CEO Mark Zuckerberg finally acknowledges that his massive Metaverse bet isn’t delivering results, prompting major ...

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 ...

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 ...

After blowing tens of billions of dollars to apparently no avail on the Metaverse, Meta CEO Mark Zuckerberg has been funnelling yet more billions into AI. But according to a new report in the New York ...

Meta cuts 30% of its metaverse budget, shifting focus to AI, wearables, and profitable ventures like smart glasses, after $70B in losses.

Mark Zuckerberg's metaverse chief is urging employees to adopt AI across every workflow as part of a broader shift inside the company. A Meta executive in charge of building the company’s metaverse ...

--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 ...