The metaverse is on its last legs as VR is eclipsed by AI. But that's not the only thing that went wrong for Meta's VR ...

As Meta continues to shift its business model away from developing the metaverse, the company confirmed plans to lay off ...

With Meta laying off a large portion of its VR department in favor of smart glasses, Oculus founder Palmer Luckey believes ...

Meta will lay off hundreds in California as it moves resources from the metaverse to AI, affecting major offices in ...

Oculus founder Palmer Luckey said Meta's VR cuts targeted subsidized game studios that were crowding out developers and ...

Luckey founded Oculus and sold it to Facebook for $2 billion in 2014. He wants the metaverse to be built, but says Facebook's current product Horizon is "not good." Still, Luckey sees the possibility ...

Several of Meta's VR studios have been affected by the company's metaverse-focused layoffs. The company has shuttered three ...

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More It’s now two years since Facebook changed its name to Meta, ushering in a ...

In October 2021, Facebook CEO Mark Zuckerberg sent his trillion-dollar social media company into a new direction. Facebook changed its name to Meta and Zuckerberg set his sights on a new horizon, the ...