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 ...

Facebook Inc is now called Meta, the company said on Thursday, in a rebrand that focuses on building the "metaverse," a ...

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 ...

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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 ...

Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter. In 2021, Zuckerberg changed the name of his ...

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 ...

Meta loses 20 million daily users in Q1 2026 as young audiences abandon platform; company faces first decline in history.

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The metaverse sits at the intersection of numerous different technologies and objectives. For the former, developments in VR, ...

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 ...

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, ...