In 2021, Facebook became Meta and the company claimed its focus would be to “bring the metaverse to life.” It launched Horizon Worlds, a VR metaverse that people could explore and create worlds in. It ...

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 ...

At the heart of the metaverse derangement was the persistent inflation of its definition. McKinsey & Company proclaimed in June 2022 that the metaverse could generate “up to $5 trillion in impact by ...

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 ...

eSpeaks’ Corey Noles talks with Rob Israch, President of Tipalti, about what it means to lead with Global-First Finance and how companies can build scalable, compliant operations in an increasingly ...

In October 2021, Facebook CEO Mark Zuckerberg revealed that his social media empire was officially rebranding itself as “Meta” as part of a sweeping company-wide doubling down on virtual reality tech.

In 2021, Mark Zuckerberg recast Facebook as Meta and declared the metaverse—a digital realm where people would work, socialize, and spend much of their lives—the company’s next great frontier. He ...

The “Metaverse” isn’t what it used to be. Meta Platforms is expected to cut resources from the virtual reality initiative Mark Zuckerberg once framed as the future of the company and his reason for ...

Meta plans to cut its budget by up to 30% in its Reality Labs metaverse division. It's considering job cuts as part of that move, leaving employees uncertain. The cuts may impact Horizon Worlds and ...

Meta is reportedly planning steep cuts to its metaverse division, according to Bloomberg. This is happening just a few years after the company changed its name from Facebook to reflect its renewed ...