Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that ...

MENLO PARK, Calif. -- For those who don't think Zoom meetings are a good enough substitute for the real thing, Facebook has another idea: a virtual reality app that lets you and your coworkers feel ...

When Facebook changed its name to Meta a few years ago, the idea was that the VR metaverse would become a huge pillar for the company. I think we can safely say that's not going to happen. On its ...

With the demise of "Rec Room" and Meta's cutback in "Horizon Worlds," two prominent chapters of VR history are ending. What caused their failure?

Meta has officially set a date for the end of its virtual reality metaverse experiment. Horizon Worlds, the social VR platform that sat at the center of Mark Zuckerberg's 2021 bet on the metaverse, ...

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 ...

In 2021, Mark Zuckerberg unveiled a plan to completely reinvent his company - and revolutionise the internet. He was so serious, he even renamed his business to tally with his vision. The idea of the ...

The company formerly known as Facebook appears to have found its footing in virtual and augmented reality through smart glasses. Following the Orion smart glasses showcase, Meta is preparing to ...

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 ...

(ticker: META) in October 2021, many investors began to realize just how transformative the metaverse could be. The metaverse ...