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Meta Plans 30% Cut to Metaverse Budget as Reality Becomes Less Virtual: Bloomberg
4.12.2025
Horizon Worlds and Quest are facing layoffs as Meta retreats further from its $70 billion bet on virtual reality, people familiar with the matter told Bloomberg
Meta’s stock surge boosts Zuckerberg’s net worth to $201B, ranks fourth globally
30.9.2024
Tech giant Meta’s current market capitalization is more than $1.4 trillion — making it one of the most valuable companies in the world
Meta’s stock surge boosts Zuckerberg’s net worth to $201B, ranks fourth globally
30.9.2024
Tech giant Meta’s current market capitalization is more than $1.4 trillion — making it one of the most valuable companies in the world
Zuckerberg becomes fourth-wealthiest person following shift to Meta
30.9.2024
Tech giant Meta's current market capitalization is more than $1.4 trillion — making it one of the most valuable companies in the world
Meta cancels next-gen headset as Reality Labs remains mired in VR
24.8.2024
There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way
Meta cancels next-gen headset as Reality Labs remains mired in VR
24.8.2024
There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way
Meta cancels next-gen headset as Reality Labs remains mired in VR
24.8.2024
There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way
Deciding who owns your ‘digital twin’ will make or break the metaverse
21.8.2024
Research indicates we’ll need to develop a secure, biometrically verified digital twin in order for the metaverse to work
Deciding who owns your ‘digital twin’ will make or break the metaverse
21.8.2024
Research indicates a secure, biometrically verified digital twin will need to be developed in order for the metaverse to work
Half of the 10 most valuable companies on Earth are making metaverse hardware
11.8.2024
The metaverse is dead, long live the metaverse
Meta burns another $4.5B on metaverse in Q2, preps for AI growth
1.8.2024
Meta’s share price popped 7% in after-hours trading following a better-than-expected Q2 earnings call
Meta Faces Tough Market Response as AI Investments Surge and Metaverse Losses Continue
25.4.2024
Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company anticipates its expenses will soar to between $96 billion...
Meta’s Reality Labs Reports $4.65 Billion Operating Loss in Q4 2023 as Metaverse Efforts Continue
2.2.2024
Meta subsidiary Reality Labs, which focuses on the development of the metaverse, recorded a significant operating loss of over $4.6 billion in the fourth quarter of 2023. In its fourth-quarter report, released on February 1, Meta revealed that Reality Labs reported a loss of $4.65 billion during...
Meta Q2 earnings: Reality Labs losses top $7.7B year to date
27.7.2023
Meanwhile, Meta's metaverse-building business has racked up around $21 billion in losses since the start of 2022
The Potential of NFTs and the Metaverse ‘Remain Vast and Largely Untapped’ Says Peer Inc CEO
12.6.2023
According to Tony Tran, the chairman and CEO of Peer Inc, the cooling interest in non-fungible tokens (NFTs) and the metaverse particularly by corporations and tech giants like Meta does not signal their end but instead “it reflects the natural cycle of innovation.” In written answers...
Metaverse for youth: Meta urged to ban minors from virtual world
14.4.2023
Now only allowing users from 18, Meta also wants to open up its metaverse app Horizon Worlds to users aged 13 and 17
Meta coughing up big money to developers building their metaverse
7.4.2023
Despite turbulent times for Meta in terms of metaverse development, sources close to the company say its metaverse programmers are paid up to $1 million for their work
Meta Announces 10,000 Layoffs in ‘Year of Efficiency’ Move; Singles Out AI Over Metaverse as ‘Largest Investment’
16.3.2023
Meta, the social media company, will continue to shed part of its workforce, recently announcing 10,000 new layoffs to be executed during 2023 as part of its new efficiency policy. Mark Zuckerberg, CEO of the company, stated that artificial intelligence (AI) was currently the company’s most...
Democratic Senators Push Against Meta’s Idea of Bringing the Metaverse to Teens
6.3.2023
Meta, the social network company, is getting some pushback on its plan to market and bring Horizon Worlds, its flagship metaverse app, to teens. Democratic senators Ed Markey and Richard Blumenthal directed a letter to the company to halt these actions, citing concerns about the interactions that...
US lawmaker behind crypto mining legislation urges Zuck not to offer metaverse to teenagers
2.3.2023
A letter from two U.S. senators cited reports of Instagram being behind many teenagers experiencing suicidal thoughts, and Meta's failure to stop harmful ads aimed at young adults