Mark Zuckerberg spent years insisting the metaverse was the next chapter of the internet, but the bill for that bet has ...

There was a very interesting article in the Irish Times a couple of weeks ago concerning Mark Zuckerberg’s retreat from the metaverse after spending $70 billion over four years trying to turn his ...

A sense of smug satisfaction wafts across the internet whenever a report indicates Mark Zuckerberg’s metaverse vision is in trouble. So it was last week when my colleague Kurt Wagner broke the news ...

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 ...

Company insiders told Bloomberg last week that Mark Zuckerberg is planning to slash its metaverse budget by 30% next year in ...

Meta Platforms is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported Thursday, citing people familiar with the discussion. The Facebook parent’s shares ...

The 30% cut in Meta’s budget for this technology can be seen either as a death sentence for the project or as a natural phase within a long-term strategy ...

Hardware teams at Meta's Reality Labs were asked to trim spending by almost 20% into 2026, The Information reported.

Mark Zuckerberg wants everyone to know Meta is also interested in AI. Overall, the word "AI" was used 57 times on the earnings call.

This summer, Meta CEO Mark Zuckerberg moved heaven and earth to recharge his company’s lagging AI division, spending billions ...

Shares of Meta Platforms Inc (NASDAQ: META) climbed higher Thursday after the company announced job cuts. With shares trading higher, Meta CEO and co-founder Mark Zuckerberg also saw his wealth soar, ...