Meta plans to test the device within the next year, according to an internal memo.

CTO Andrew Bosworth said about 20% of the company's overall costs and expenses would be spent on the Reality Labs segment of its business next year. Reading time 3 minutes Much has changed since Mark ...

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 ...

Meta is laying off more than 1,000 workers, signaling a partial retreat from the company's much-derided metaverse ambitions. The layoff, the Bay Area tech industry's first big job cut of 2026, was ...

Meta Platforms (Nasdaq: META) is cutting spending on the underperforming Metaverse and redirecting resources toward AI initiatives. The stock popped on the news as Wall Street has grown concerned the ...

Meta Platforms (META) is entering a delicate new phase of the artificial intelligence (AI) race. After spending tens of ...

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‘ (META) AI investments echo its metaverse-era spending with high costs and vague returns. Analysts highlight risks, drawing parallels to past uncertainties Meta created with metaverse ...

When Mark Zuckerberg rebranded Facebook to Meta (META) in October 2021, the founder and CEO presented the name change as the next step in the company's evolution as he sought to bring the metaverse to ...

Since reporting its Q3 2025 earnings in late October, Magnificent Seven stock Meta Platforms (NASDAQ: META) has been in a rut. Shares fell by more than 11% on Oct. 30 in reaction to those results, ...

Although Meta is making a sizable reduction to the headcount in its Reality Labs division, the company hasn't given up on the metaverse just yet, according to a report from The New York Times late ...