Shares of Meta Platforms rose up to 4% Thursday following reports the company was scaling back its spending on the metaverse project, a virtual reality experience the company once touted as the future ...

You remember it, don't you? The bold declaration that echoed across the globe in 2021. Mark Zuckerberg, standing on a digital ...

Meta is backtracking on its plans to shut down the VR version of its metaverse. The company now plans to support Horizon ...

If you’ve been busy dancing on the grave of Meta’s failed metaverse, I’m going to have to ask you to pause for a moment. In fact, you may just want to sit down and rest your non-virtual legs, because ...

Meta is dialing back its metaverse ambitions and redirecting resources toward AI-powered glasses and wearable technology, the company told FOX Business on Thursday. The shift follows reports that Meta ...

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 ...

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 ...

The start of 2026 delivered the final nail in the coffin for the metaverse, the digital world once hailed by Mark Zuckerberg as the future of human interaction. After putting all his eggs in this one ...

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 ...