Soap Central

Mark Zuckerberg's $80 billion mistake literally defines his organization, and it's ironic

In October 2021, Mark Zuckerberg made an announcement that would reshape his entire company. Facebook was rebranding to Meta, ...
Hosted on MSN

RIP the metaverse: Remember when Facebook renamed itself Meta thinking it was the next big thing?

Meta Platforms started 2026 by laying off around 1,500 employees in its Reality Labs division, a move that highlights the fading glow of its metaverse dreams amid billions in losses and a clear shift ...
Hosted on MSN

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 is shutting down VR social platform Horizon Worlds in further pivot away from the metaverse

Meta is scaling back its metaverse focus, cutting studios and head count at Reality Labs to prioritize artificial ...
VentureBeat

What went wrong with ‘the Metaverse’? An insider’s postmortem

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More It’s now two years since Facebook changed its name to Meta, ushering in a ...

Meta lays off hundreds more workers as Mark Zuckerberg pivots away from costly ‘metaverse’ push

Meta is laying off several hundred employees across key divisions — including Facebook and its Reality Labs unit — as it overhauls the company for the artificial intelligence era. The layoffs also ...