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4 years after going all-in, Meta Platforms is finally ditching the metaverse
Quick Read Meta Platforms (META) is preparing to cut metaverse investments by up to 30% in 2026 after Reality Labs lost $60B since 2020. Meta froze AI division hiring in August amid restructuring ...
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.
Though still refocusing on its mobile app, Meta will now continue to support Horizon Worlds' existing VR games as well.
Meta Platforms, Inc. is rated Sell due to an unfavorable risk/reward after a strong AI-driven rally, despite robust core business fundamentals. Muse's rapid adoption highlights META's unique AI ...
Meta launched its frontier models as early data shows its Muse app holding users nearly as well as ChatGPT.
While gaming and entertainment drive the majority of metaverse platform adoption, large vendors, such as Meta and Apple, continue to invest in business use cases. Metaverse platforms -- AKA spatial ...
Gabriel Aul, who led the Metaverse unit, retired earlier this year, replaced by former Epic Games exec Saxs Persson.
Meta Platforms Inc. is doubling down on artificial intelligence and immersive technologies as it refines its business model across Facebook, Instagram, WhatsApp and Reality Labs, aiming to balance ...
Meta Platforms Inc. remains in focus after fresh AI and product announcements across Facebook, Instagram and WhatsApp, while the group continues to invest heavily in metaverse and infrastructure. What ...
Let's start with last year. Between mid-February and early April of 2025, Meta's stock declined by about 31%, partly due to macroeconomic concerns. It did not take the stock too long to recover. Meta ...
Meta Platforms (NasdaqGS:META) has committed $300 million to the $1.8b Biohub AI Biology Initiative focused on drug ...
Meta is focused on building a superintelligence model that could be paired with some of its AI glasses to see and interact with the world around it. This is its major bet, and if it pans out, it could ...
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