That November, chief executive Mark Zuckerberg announced the company would rebrand as Meta, with its focus to “bring the ...

Wall Street is sending a clear signal to Meta Platforms that it wants the company to reduce spending on Reality Labs.

The proposed changes are part of Meta’s annual budget planning for 2026, and the company plans to shift spending from the ...

Meta is planning to slash the budget of the metaverse team, but still remains focused on hardware like AI glasses.

Meta plans to direct its investments to focus on wearables like its augmented reality glasses but does not plan to abandon ...

After years of pouring billions into building the metaverse, the company is scaling back and shifting in a new direction.

Meta pivots from costly metaverse projects to AI-powered glasses. Company redirects Reality Labs resources following reports ...

Meta is shifting some of its investments in the metaverse to AI glasses and wearables, hoping to capitalise on the "momentum" ...

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

Meta bet big on the metaverse a few years ago, but it hasn't paid off. Investors on Thursday cheered a report it could slash ...

Meta is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported on Thursday, citing ...

Meta Platforms, Inc. (NASDAQ:META) is one of the Must-Watch AI Stocks on Wall Street. On December 4, Mizuho analyst Lloyd ...