Meta’s virtual reality ambitions continue to come at a steep cost. The company has revealed that Reality Labs, the division responsible for its VR and metaverse efforts, lost $19.1 billion last year.

Meta is switching off Horizon Workrooms as a stand-alone app next month. Workrooms was launched for remote teams to collaborate in virtual reality. The move comes as Meta is laying off workers in its ...

Meta is slated to layoff around 10 percent of staff at its Reality Labs XR division, a New York Times report maintains, as the company appears to be shifting focus to AI and smart glasses. According ...