CEO Mark Zuckerberg's massive bet on the Metaverse, arguing the roughly $77 billion spent on the project represents not just ...

Among the top Magnificent 7 stocks in the market, Meta Platforms (NASDAQ:META) is clearly a perennial favorite for those ...

Meta's stock has surged as investors reward a sharp pivot away from its most expensive Metaverse ambitions and toward more ...

Horizon OS was designed to deliver “mixed reality experiences,” and to communicate “social presence” through technologies ...

Quick Read Meta Platforms (Nasdaq: META) is cutting spending on the underperforming Metaverse and redirecting resources toward AI initiatives. The stock popped on the news as Wall Street has grown ...

Meta cuts metaverse budget by 30% after losing over $70B since 2021. With AI spending set to surge in 2026, should investors brace for another costly gamble?

Meta is feeling the heat. Earlier this year, The Washington Post reported that Facebook parent company Meta paid a national consulting firm to place op-eds in local newspapers across the U.S. making ...

Economist Dean Baker has criticized Meta CEO Mark Zuckerberg saying he threw “$77 billion … into the toilet” with his bet on ...

Meta's recent actions have given rise to speculation that the company is moving away from the metaverse. To validate this claim, it is important to understand the dynamics behind the metaverse and ...

Meta has shifted away from pitching the metaverse to advertisers, The Information reported. In pitch meetings, the company has reportedly been prioritizing Reels and AI tools. The move comes as the ...

The 30% cut in Meta’s budget for this technology can be seen either as a death sentence for the project or as a natural phase within a long-term strategy ...