Meta is accelerating its pivot away from virtual reality, just over four years after changing its name.

Meta’s earnings beat expectations, but investors question whether its $135 billion AI push will pay off after metaverse losses and rising competition.

The cuts affected 10% of staff as spending shifts to its AI glasses and other wearables products.

Meta’s Reality Labs posts $6.02 billion loss in fourth quarter.

That went well Imagine changing your popular brand to capitalize on an emerging tech trend that never emerged. Mark Zuckerberg did just that, and now Meta is backing away from the virtual reality ...

As Meta continues to shift its business model away from developing the metaverse, the company confirmed plans to lay off ...

Meta is pulling back from its once-central virtual reality ambitions, as mounting losses and weakening demand force the ...

A big shakeup at Reality Labs.

Meta will lay off hundreds in California as it moves resources from the metaverse to AI, affecting major offices in ...

Analysts are laser-focused on Meta's AI ambitions and its surging capex spending. The company reports Q4 earnings after the ...

Meta CTO Andrew Bosworth offered the first bit of insight into the company’s recent Reality Labs shakeup, publicly acknowledging that Meta’s metaverse efforts suffered from a “lack of focus” that ...

As Meta Platforms shifts focus and rides a bullish trend, investors should formulate a strategy for all likely outcomes. 24/7 Wall St. is here to help.