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THE TRUTH ABOUT: 2 | History Defined

ICYMI: the week's 7 biggest tech stories like Apple losing to Google, and Meta giving up on VR

The biggest tech news stories from Meta, Amazon, Apple, and more for January 17, 2026.

TechRadar

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

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

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Meta is reportedly slashing another 1,500 jobs, and it looks pretty bad for Meta Quest exclusives

Reality Labs is reportedly seeing a 10% staff cut, mainly targeting VR development.

Android Central

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

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

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

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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

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

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.

Benzinga

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.”

Fortune

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.

Barchart

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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.

International Business Times UK

Alan Dye Leaving Apple — What Meta's New Design Chief Means for Future AI Glasses

Former Apple design chief Alan Dye has moved to Meta to lead design for its Reality Labs, a major Silicon Valley talent shift.

Benzinga

Gene Munster Says It Won't Be A 'Wearables Holiday' For Meta, Analyst Says Company's AI On Display Glasses Crushed By ChatGPT In Side-By-Side Test

On Wednesday, Deepwater Asset Management's Gene Munster said he still believes in Meta Platforms Inc.'s (NASDAQ:META) massive investment in Reality Labs, but a head-to-head test left him convinced the company's newest AI tools lag far behind ChatGPT.

MarketBeat

Meta’s Pain May Be Your Gain: Is This a Rare Buying Window?

Shares of Meta Platforms have plummeted. However, the stock's potential to recover looks set up in favor of long-term investors.

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MarketBeat

Meta Platforms Stock Falls Despite Strong Growth—Here’s Why

Meta Platforms just delivered the strongest growth since Q1 2024. See why shares fell sharply despite this and gain an updated perspective on the stock.

Android Central

Reality Labs, taxes hit Meta hard in Q3 2025 earnings as Zuckerberg explains when AI glasses will become 'profitable'

Meta earned $51.2 billion in revenue but was hit by a one-time $15.9 billion tax and $4.4 billion in Reality Labs losses, while Zuckerberg focused on AI.

Barchart

Dear Meta Platforms Stock Fans, Mark Your Calendars for October 29

Meta’s Oct. 29 earnings could set the tone for tech. Strong ad growth and AI momentum fuel optimism, but rising costs remain watchpoints.

Barchart

From Social Media to Courtrooms: Will Legal Challenges Weigh Down META Stock?

Meta faces global legal pressure, raising concerns about the future of its social media business.

MarketBeat

Meta Debuts Next-Gen AI Glasses—A Turning Point for Reality Labs?

Meta's new display-enabled AI glasses aren't just a big technological leap; they could shift investor opinion on its underperforming Reality Labs segment.

Benzinga

Meta's New Smart Glasses Set Up For Strong Holiday Sales As Reality Labs Push Deepens

Meta Platforms, Inc. (NASDAQ:META) shares are trading slightly higher on Thursday.

Benzinga

Gene Munster Says Meta's $65 Billion AR/VR Bet Shows Hardware, Software, AI Integration Is 'Really Hard,' Giving Apple More Time On AI

On Wednesday, Gene Munster said Meta Platforms Inc.'s (NASDAQ:META) Connect 2025 keynote underscored the challenges of combining hardware, software and AI — and that Apple Inc. (NASDAQ:AAPL) has more breathing room than investors think.

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Dina Powell McCormick

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