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 ...

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 ...

Meta may slash its budget for metaverse projects by up to 30 percent next year, according to a report from Bloomberg. Sources ...

Meta confirmed on Thursday that it had let go of an unspecified number of employees in its VR and hardware unit, Reality Labs. The cuts also affected Meta’s virtual reality fitness app, Supernatural.

Meta’s Reality Labs segment, which houses the metaverse unit, has lost $71 billion on $9.7 billion in revenue since 2021. It has long been seen by investors as a black hole of expenses, and the 2026 ...