After betting heavily on the metaverse—and spending many billions building it—Meta recently pivoted hard.

Discover how Meta leverages ads on Facebook and Instagram while expanding into the metaverse with VR technologies.

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 Platforms is planning cuts to the metaverse, an arena Chief Executive Mark Zuckerberg once called the future of the company. The proposed changes are part of Meta’s annual budget planning for ...

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 ...

LONDON (AP) — Facebook said it plans to hire 10,000 workers in the European Union over the next five years to work on a new computing platform that promises to connect people virtually but could raise ...

Do you remember what the internet of the past looked like? Static webpages that took an age to load, blurry JPG images and lots of garishly colored text and backgrounds, those were the days! Well, the ...

Meta’s enormous bet on virtual reality ended last week, with the company reportedly laying off roughly 1,500 employees from its Reality Labs division — about 10% of the unit’s staff — and shutting ...