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4 years after the push, Meta finally walks away from the metaverse

Meta spent the past four years trying to convince Wall Street and ordinary users that a future of virtual offices, legless avatars, and bulky headsets was worth tens of billions of dollars. Now the ...
AOL

4 Years After Going All-In, Meta Platforms Is Finally Ditching the Metaverse

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 despite ...
Business Insider

Meta's CTO said the metaverse unit is reshuffling. Read the memos.

Meta reorganizes its metaverse unit, shifting Vishal Shah to its AI division, per an internal memo. Gabriel Aul and Ryan Cairns now lead Meta's metaverse efforts, focusing on VR and mobile. Meta CTO ...
Forbes

Meta Shares Rise 4% Amid News It Will Cut Metaverse Spending

Shares of Meta Platforms rose up to 4% Thursday following reports the company was scaling back its spending on the metaverse project, a virtual reality experience the company once touted as the future ...
Benzinga.com

Weekend Round-Up: Metaverse Cuts, EU's Antitrust Probe, Netflix's Massive Acquisition And More

This week was a whirlwind of tech and media news, with major developments from Meta Platforms, Netflix Inc., and Amazon.com. From Meta’s potential metaverse budget cuts to Netflix’s massive ...
Forbes

Requiem For The Metaverse — How It Went From The Next Thing To Nothing

Forbes contributors publish independent expert analyses and insights. Cortney Harding is an expert in VR, AI, and the future of work. Just under three years later, Bloomberg is reporting that Meta ...