Reality Labs, the Meta division that hosts the project, has racked up around $75 billion in operating losses since 2020.

Meta‘s metaverse ambitions are hitting a crossroads. In a move that marks a dramatic shift in strategy, the tech giant is ...

The metaverse is dead. It died slowly, expensively, and in front of everyone and now Meta has made it official, announcing ...

Technology giant Meta Platforms META has been betting aggressively on the growth of artificial intelligence in recent years. This has come at the expense of eliminating jobs in the company's metaverse ...

Meta's vision of the metaverse is an expensive trial that doesn't seem to be working. It's also caused development by other companies to grind to a halt. It may be time for Meta to rethink its ...

Meta’s “metaverse” has become the tech equivalent of Schrödinger’s Cat. It exists in a superposition of both life and death. Meta knows it can’t fully abandon VR, even if the hype surrounding the ...

Metaverse adoption has slowed down in 2022, but investors’ and developers’ enthusiasm remains. Here’s an overview of the tech’s last 12 months. Recognized as one of the most turbulent years for the ...

The term “metaverse” seems to be everywhere — in the news, on social media and even at the dinner table. Although the technology is far from mainstream, it’s quickly garnering the attention of tech ...

2022 was the year the wheels fell off the metaverse bandwagon, which had been the most hyped narrative as the year began. By far the worst-performing sector in blockchain, the average drawdown was 89% ...

Meta Platforms invested billions in 2022 in the metaverse and revenue in this area still dropped year over year. Management forecasts greater losses in its metaverse segment in 2023. Facebook, ...

The conversation about the metaverse continued in 2022, but much of the earlier excitement about the concept cooled. The metaverse, as it was described to many of us in 2021, is going to be something ...

Sales of virtual reality headsets in the U.S. declined 2% year over year to $1.1 billion as of early December, according to NPD Group. Worldwide shipments of VR headsets as well as augmented reality ...