Meta is planning to raise prices for its VR devices, citing tariffs and a shift to sustainable business models for long-term ...

Meta remains the undisputed global leader in virtual reality, with a market share of 77% last year. A leaked internal memo ...

The memo, said to be issued by Metaverse leaders Gabriel Aul and Ryan Cairns, outlined plans to adjust pricing and extend the ...

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

Company executives say the virtual reality platform’s budget will be reduced by up to 30%, and these reductions may also ...

Executives say the company will also ship new hardware at a slower pace to prioritize a high-quality software experience.

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

Meta's stock prices rose following news of significant cuts to virtual reality investments, as CEO Mark Zuckerberg shifts the ...

Horizon Worlds and Quest are facing layoffs as Meta retreats further from its $70 billion bet on virtual reality, people ...

Meta executives are eying gigantic budget cuts for the teams responsible for its Meta Horizon Worlds and Quest VR headset.

Meta’s Mark Zuckerberg made a big gamble, and it reportedly cost his company $77 billion in the last five years.

Ian says the gap between Meta’s vision of its Metaverse and real life never closed. Now that gap is now forcing Meta to make ...