Wall Street is sending a clear signal to Meta Platforms that it wants the company to reduce spending on Reality Labs.

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an ...

Meta plans to direct its investments to focus on wearables like its augmented reality glasses but does not plan to abandon ...

Meta is planning to slash the budget of the metaverse team, but still remains focused on hardware like AI glasses.

Meta pivots from costly metaverse projects to AI-powered glasses. Company redirects Reality Labs resources following reports ...

Dec 4 (Reuters) - Meta is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported on ...

Meta is in the midst of a company-wide shakeup, pulling back from metaverse-focused projects to fund AI glasses and wearable ...

Meta's plan to cut back on metaverse spending is a sign that projects not helping tech companies' AI goals are falling out of ...

Meta bet big on the metaverse a few years ago, but it hasn't paid off. Investors on Thursday cheered a report it could slash ...

The company has struggled to convince investors of the viability of the metaverse, a nascent technology.

The budget cuts aren’t yet finalized, but they could impact the team that works on Meta’s Quest headsets and Horizon Worlds, ...

Mark Zuckerberg's metaverse vision has not taken off despite his conviction that people will one day work and play in virtual ...