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HISTORICAL FACTS: 2 - The Untold Story

Meta Lays Off Around 1,500 VR Workers Following Failure to Turn Profit

Around 1,500 workers under Meta's Reality Labs division have been laid off as part of Meta's shift away from VR and to AI.

International Business Times UK

Facebook rebranded to Meta for VR — now it's laid off 1,000 people and shut down 3 VR game studios to catch up with AI

Meta is shutting down three of its video game studios and laying off 1,000 people from its virtual reality department to focus and channel those resources into AI and wearable technology.

Windows Central

Meta Reduces Reality Labs Workforce While Pivoting to AI-Powered Glasses

Meta cuts over 1,000 Reality Labs jobs to focus on AI-powered smart glasses and mobile metaverse experiences.

International Business Times

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Meta is closing 3 VR studios and laying off roughly 10% of Reality Labs as it shifts focus from the metaverse to AI wearables, its next sure-fire, can't-miss idea

Armature Studios, Sanzaru Games, and Twisted Pixel are done for.

PC Gamer

Meta Slashes Metaverse Jobs and Names Ex-Trump Adviser Dina Powell McCormick President

Meta has appointed former Trump adviser Dina Powell McCormick its new president and vice chairman as the social media titan faces apparent leadership overhaul geared towards AI infrastructure

International Business Times UK

Beyond Physical Clothes: How Digital Fashion, Virtual Clothing NFTs, and Metaverse Fashion Are Changing Style

Why are people buying clothes they can't wear? Explore digital fashion, virtual clothing NFTs, and the rapid growth of metaverse fashion.

Fashion Times

Meta's $70B Metaverse Black Hole Signals Tech Bubble Warning — Is AI the Next Wipeout for Your Portfolio?

Meta cuts metaverse budget by 30% after losing over $70B since 2021. With AI spending set to surge in 2026, should investors brace for another costly gamble?

International Business Times UK

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Meta's Quest 4 shift: Reality Labs is reportedly cutting the fat in a move to prioritize gaming. Here's why that's best for everyone

Big changes at Meta Reality Labs and the Metaverse division, new hires, and fresh leaks point to a very big future for VR and beyond.

Android Central

Leaked memo reveals a potential Meta Quest price increase next year - here's why now might be the best time to get one

A leaked internal memo reveals that Meta is likely to increase the price of its virtual reality headsets

Tom’s Guide

Could Meta Stock Skyrocket in 2026 If Mark Zuckerberg Declares Another ‘Year of Efficiency’?

Meta is looking to cut its metaverse spending by as much as 30% next year. Could it work wonders for the stock as the "year of efficiency" did in 2023?

Barchart

The $70B Wake-Up Call: Zuckerberg Finally Concedes the Metaverse Isn't What He Promised

Mark Zuckerberg's private concession that the metaverse 'isn't working' follows more than $70bn in losses and triggers a dramatic strategic shift toward AI superintelligence.

International Business Times UK

Zuckerberg Eyes Metaverse Cuts: Why META Is Rightfully Rallying

The metaverse simply hasn't panned out. Markets are becoming more optimistic on Meta Platform's future as it ponders big cuts to this disappointing initiative.

MarketBeat

The metaverse is ushering in a new era of behind-the-scenes exploitation

From ancient slavery to the factory floor, progress has often relied on the exploitation of human beings. We might like to believe those days are well behind us. But in the digital age, AI and the metaverse risk repeating that pattern with new forms of invisible labour and inequality.

The Conversation

From Future of the Internet to Total Flop: Mark Zuckerberg Cuts Metaverse After Sims-Level Graphics Mockery

Mark Zuckerberg scales back Meta's metaverse ambitions after £57 billion ($70 billion) investment falls flat, cutting spending and refocusing on AI and core apps.

International Business Times UK

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Benzinga

Meta Cuts Jobs, Mark Zuckerberg Gets Richer: Wall Street Applauds Move

Shares of Meta Platforms Inc (NASDAQ:META) climbed higher Thursday after the company announced job cuts. With shares trading higher, Meta CEO and co-founder Mark Zuckerberg also saw his wealth soar, potentially at the expense of some of his company's employees.

Benzinga

Meta Preps Major Metaverse Cuts, Analysts Predict Earnings Pop

Wall Street analysts rerated Meta Platforms Inc (NASDAQ:META) after the company said that it is considering cutting up to 30% of its 2026 Metaverse budget, primarily targeting the Quest virtual reality unit and Horizon Worlds, which account for the bulk of metaverse-related investment.

Fortune

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

Zuckerberg once framed the metaverse as the “successor to the mobile internet.”

Barchart

Meta Platforms Has Lost $73 Billion on Reality labs. Are Its Spending Cuts Enough for META Stock?

Meta cuts Reality Labs spending by 30%, focusing on profitable AI and core app projects while maintaining ad growth.

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news in one place.

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Benzinga

Meta AI Becomes Real-Time News Hub With New Media Partnerships

Meta Platforms Inc. (NASDAQ:META) is expanding Meta AI to deliver a broader range of real-time content, from breaking global news to entertainment, lifestyle, and more.

International Business Times UK

Zuckerberg Axes Metaverse: Meta Slashes Budget By £52 Billion As VR Dream Implodes

Meta is preparing to slash up to £52 billion from its Metaverse budget as Mark Zuckerberg shifts Facebook's parent company toward artificial intelligence, signalling significant possible job cuts.

Benzinga

Cathie Wood Dumps Tesla And Meta Shares, Here Is What Ark Invest Purchased Instead

On Thursday, Cathie Wood-led Ark Invest made significant trades, including selling shares of Tesla Inc. (NASDAQ:TSLA) , Meta Platforms Inc. (NASDAQ:META) , and buying ARK 21Shares Bitcoin ETF (BATS:ARKB). These moves come amid evolving market conditions and strategic shifts in the tech and crypto sectors.

Benzinga

SoFi Technologies, Oklo, Meta, Ulta Beauty and BigBear.ai: Why These 5 Stocks Are On Investors' Radars Today

Major U.S. indices closed mixed on Thursday, with the Dow Jones Industrial Average slipping 0.07% to 47,850.94. The SP 500 edged up 0.1% to 6,857.12, and the Nasdaq added 0.2% to 23,505.13.

Barchart

Stocks Settle Mixed on Higher Bond Yields

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up by +0.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -0.10%. December E-mini S&P futures (ESZ25 ) rose +0.08%, and December...

Kiplinger

Small Caps Hit a New High on Rate-Cut Hope: Stock Market Today

Odds for a December rate cut remain high after the latest batch of jobs data, which helped the Russell 2000 outperform today.

Barchart

Wall Street Is Cheering Metaverse Spending Cuts at Meta Platforms, But Is META Stock a Buy Here?

Meta stock inches up on reports Mark Zuckerberg will soon announce steep cuts to metaverse spending. Jim Cramer recommends buying META shares heading into 2026.

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Dina Powell McCormick

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