Meta Platforms has laid off roughly 10% of staff, about 1,500 people, from its Reality Labs division, the unit that houses ...
Morning Overview on MSN
Meta fires metaverse staff after burning through $73B
Meta’s grand metaverse experiment has reached a brutal inflection point. After Reality Labs racked up tens of billions of ...
Meta's metaverse strategy was flawed from the jump. Zuckerberg overhyped what consumers could expect from the move, ...
Meta Platforms Inc. is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part of a plan to ...
The company has laid off some 1,500 virtual reality developers as part of a broader shift toward AI wearable devices.
Meta's pullback from the metaverse and renewed AI focus sent its stock lower, drawing attention to communication services and ...
24/7 Wall St. on MSN
Why Is Meta Platforms Priced 36% Cheaper Than Its Hyperscaler Peers?
Meta Platforms (NASDAQ:META) has delivered outstanding performance compared its hyperscaler peers such as Apple (NASDAQ:AAPL) ...
Company cutting 1,500 Reality Labs jobs as it shifts from metaverse to AI after accumulating $70B in losses since 2020.
In recent days, Meta Platforms has outlined heavier spending on artificial intelligence, a planned cut of up to 30% in ...
As Meta Platforms shifts focus and rides a bullish trend, investors should formulate a strategy for all likely outcomes. 24/7 ...
Meta confirms Horizon Workrooms will shut down in February 2026 as the company shifts focus away from metaverse workplace VR.
Meta is laying off 1,500 Reality Labs employees, shifting focus from the metaverse to AI-powered wearables like the Ray-Ban ...
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