Meta’s Virtual Reality App Ditching VR To Make A Roblox Clone

It launched Horizon Worlds, a VR metaverse that people could explore and create worlds in. It looked bad and wasn’t great, ...

Nobody mourns the metaverse: What went wrong with Zuckerberg's vision and what is next for VR?

After changing its name and going all-in on virtual reality, Meta is scaling back its metaverse operations. But that could be a good thing for VR, experts tell Euronews Next. View on euronews ...

Meta’s Metaverse is Officially Dead : $90B Bet Falls Short, After Weak Consumer Demand

Meta spent about $90B on metaverse projects, yet mainstream users stayed away. VR offices did not beat Teams or Zoom ...
CBS News

Facebook parent company urged keep minors out of metaverse

The metaverse is no place for kids, according to a group of more than 70 advocates for children's rights and online privacy. Those concerned are asking Facebook's parent company, Meta, to abandon its ...
Futurism

Facebook Leak: Metaverse So Glitchy Not Even Employees Use It

Facebook parent company Meta, at the behest of CEO Mark Zuckerberg, has poured billions of dollars into its Horizon Worlds, the Quest headset app that, for now, forms the backbone of the company’s ...
Futurism

Facebook’s Former Metaverse Czar Publicly Shreds the Company’s Mistakes

In a recent interview with Meta’s current CTO Andrew Bosworth on his “Boz to the Future” podcast, Carmack said that although he’s still quite “bullish” on virtual reality itself, he thinks his ...
Forbes

The Metaverse Is Failing, But This Is One Investment That Will Not Die.

Mark Zuckerberg, Facebook's CEO, is as close to making the metaverse a household name as he did Facebook itself. For now, metaverse-related investments have been big money losers. (Photo by ANDREW ...
AOL

Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he’s moving on

In 2021, Mark Zuckerberg recast Facebook as Meta and declared the metaverse—a digital realm where people would work, socialize, and spend much of their lives—the company’s next great frontier. He ...
Bloomberg L.P.

Facebook, Beware: The Metaverse Is Flat

In a few weeks’ time, Mark Zuckerberg will announce a new virtual reality headset from Meta Platforms Inc. Embarrassingly, we already know what it will look like. A video of the purported device has ...
VentureBeat

Rumors of the metaverse’s death have been greatly exaggerated

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More When Meta recently laid off more than 11,000 employees in Nov 2022, then ...
Business Insider

Facebook and Mark Zuckerberg just raised a giant middle finger to Wall Street. The company says its metaverse business will lose even more money next year.

Facebook warned that its Reality Labs metaverse business will lose even more money in 2023. This year, the company is on track to burn through more than $10 billion on this endeavor. Shares of the ...