Shares of Facebook parent Meta dropped more than 4% on Friday, showing rare vulnerability for the powerhouse stock after a pair of landmark court rulings, and on the heels of the decline of its ...

Meta will shut down the VR version of Horizon Worlds on June 15, 2026, as part of a strategic pivot toward mobile experiences and AI. The move follows earlier announcements to remove Horizon Worlds ...

When Facebook changed its name to Meta a few years ago, the idea was that the VR metaverse would become a huge pillar for the company. I think we can safely say that's not going to happen. On its ...

Meta Platforms (NASDAQ:META) sits at a $1.7 trillion market cap, putting it in rare air. Yet, the company has flirted with the $2 trillion mark multiple times over the past year, only to see momentum ...

A once-booming market for virtual real estate left early believers holding assets with little demand. Five years ago, tech ...

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 Platforms underwent a big transformation in 2021 as it pivoted toward the metaverse. The company has spent tens of billions of dollars on the metaverse, with not much to show for it. It recently ...

In December of last year, apparent budget cuts at Meta’s reality labs division looked ominous for Meta’s metaverse platform, Horizon Worlds, and my Gizmodo colleague James Pero dared to suggest that ...

Meta has revamped its Horizon OS, dropping the unpopular Horizon Worlds. Instead, it's drawing heavily on inspiration – from ...

Meta said its road to the metaverse ran through Seattle. Recent layoffs point to a dead end. Meta laid off hundreds of ...

The cuts follow losses in two pivotal court cases and the company's push to invest in artificial intelligence.

This is expected to be the first round of sweeping layoffs, set for May 20, with a second round scheduled for the second half ...