Meta has announced that its social virtual world, Horizon Worlds, will shift toward a mobile-first experience, loosening its ties to the Quest virtual reality headset line. The decision, confirmed ...

After betting heavily on the metaverse—and spending many billions building it—Meta recently pivoted hard.

Despite the losses, the company’s other endeavors pushed it to record profits in Q4 2023, with gains expected to continue through Q1 2024. When Facebook changed its name to Meta in September 2021, it ...

Meta's efforts to create the digital worlds known as the metaverse continue to be costly.

Meta said it's shifting focus for Horizon Worlds to be "almost exclusively mobile" and that it will separate its Quest VR ...

Meta is formally sectioning off Horizon Worlds, the closest thing it has to a metaverse, from its Quest VR platform, ...

Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter. In 2021, Zuckerberg changed the name of his ...

Meta Platforms has burned a whopping $39 billion on building the metaverse since 2019. The losses have frustrated investors, so CEO Mark Zuckerberg has committed to a year focused on efficiency in ...

Germany is experiencing a renewed interest in the metaverse, which is focused on concrete applications in public administration and industry. Once hailed as the next frontier of human interaction, the ...