Meta will discontinue the metaverse for work on February 16th. This comes after it laid off around 10% of its entire Reality ...
Meta has laid off nearly 1,500 employees from its Reality Labs division as it pivots away from metaverse investments and ...
Meta will also close three VR development studios as part of the cuts: Resident Evil 4 VR developer Armature Studios, ...
While the metaverse is often seen as a joke in 2025 because of low user counts and poor financial performance (take Meta's Reality Labs division and its continued losses, estimated by Statista at $70 ...
The Fast Company Executive Board is a private, fee-based network of influential leaders, experts, executives, and entrepreneurs who share their insights with our audience. BY Alex Howland There’s been ...
Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that ...
Marketers should pay particular attention to progression of the metaverse as it's set to change the way society does business and functions. Although the infrastructure of the metaverse is still being ...
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