Meta Platforms started 2026 by laying off around 1,500 employees in its Reality Labs division, a move that highlights the fading glow of its metaverse dreams amid billions in losses and a clear shift ...

All products featured here are independently selected by our editors and writers. If you buy something through links on our site, Gizmodo may earn an affiliate commission. Reading time 4 minutes In ...

At the heart of the metaverse derangement was the persistent inflation of its definition. McKinsey & Company proclaimed in June 2022 that the metaverse could generate “up to $5 trillion in impact by ...

In 2021, Mark Zuckerberg unveiled a plan to completely reinvent his company - and revolutionise the internet. He was so serious, he even renamed his business to tally with his vision. The idea of the ...

The internet was not happy about the legs. Earlier this month, the company formerly known as Facebook unveiled its new virtual reality headset, the Meta Quest Pro. The $1,500 headset offered many new ...

A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Shares of the company formerly known as Facebook shot up 7% early Thursday in ...

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More As this is the final piece of our “Building the Metaverse” series, I find ...

As the Metaverse evolves beyond its early hype cycle, its real potential is becoming easier to see. Instead of standing alone, it’s increasingly tied to bigger shifts across tech, including advances ...

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More When Meta recently laid off more than 11,000 employees in Nov 2022, then ...

Although the metaverse has great potential to significantly expand the digital economy, it continues to raise legal issues pertaining to intellectual property (IP) rights, including trademark, patent, ...