Meta’s metaverse ambitions are hitting a harsh reality check. The company is preparing to slash up to 30% of its Reality Labs budget by 2026, according to multiple reports, marking a dramatic shift from virtual […]
Meta appears to be implementing major changes within Reality Labs. This is the division responsible for metaverse activities and Quest headsets. The New York Times cites internal sources who say the company is working on […]
Meta Platforms Inc. is weighing significant cuts to the budget of its metaverse unit, Bloomberg and the New York Times reported today. The unit is responsible for the company’s Quest series of virtual reality headsets. […]
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