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Meta's drive into the metaverse -- you know, the whole reason for the company's rebranding -- is skidding to a halt.

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 ...

Virtual reality was once promised to be the future of not only video games, but social media. Is that future still possible? NPR's Ailsa Chang talks to Vishal Shah, VP of the Metaverse, to find out.

The metaverse was supposed to be transformative. In March 2022, Meta CEO Mark Zuckerberg called it “the next chapter of the internet overall.” Three years ago, Satya Nadella, CEO at Microsoft, wrote ...

Reality Labs, the AR and VR division of Meta, is set to cut as much as 10pc of its workforce amid a refocus on AI innovation and wearables.

Meta Platforms Inc. has started cutting jobs in its Reality Labs division as part of a strategic shift away from its ...

With roots in gaming and entertainment, the metaverse is gaining fresh attention as organizations in a variety of sectors explore its expansive possibilities. Offering virtual spaces where users can ...

A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Shares of the company formerly known as Facebook shot up 7% early Thursday in ...

Facebook/Meta’s recent rebranding made headlines around the globe—establishing "the metaverse" in the public's consciousness. Which other companies are currently shaping this new virtual world and ...