The metaverse is on its last legs as VR is eclipsed by AI. But that's not the only thing that went wrong for Meta's VR ...

Meta’s grand metaverse experiment has reached a brutal inflection point. After Reality Labs racked up tens of billions of ...

Meta Platforms has initiated sweeping workforce reductions across its Reality Labs division, cutting more than 1,000 ...

Meta acquired Supernatural developer Within in 2023 (after a fight with the FTC), Twisted Pixel and Armature in 2022, and Sanzaru in 2020. The company closed Echo VR developer Ready at Dawn, which it ...

The cuts come just over four years after Facebook changed its name to Meta and went big on virtual reality and the Metaverse.

Meta chief technology officer Andrew "Boz" Bosworth said early in 2025 that the metaverse could be a "legendary misadventure" ...

Reality Labs chief Andrew Bosworth spoke for the first time this week about the cuts in the VR division and explained Meta's ...

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Doctor Who is setting up shop in the metaverse. BBC Studios has teamed up ...

A partnership with Web3 specialist Reality+ will create BBC Studios metaverse experiences where fans can interact with content from brands including Top Gear and Doctor Who. BBC Studios is set to ...

Futureverse, a well-financed AI and metaverse company, has formed Readyverse Studios in partnership with Ready Player One author Ernest Cline. Readyverse Studios’ founders told GamesBeat they plan to ...

Nonfungible token (NFT) conglomerate Yuga Labs has agreed to acquire the metaverse-building startup Roar Studios as it looks to bolster its Otherside metaverse. Yuga tweeted the news on July 31, ...

LOS ANGELES--(BUSINESS WIRE)--The LAMINA1 Ecosystem Fund (L1EF), launched by LAMINA1 as the world’s first publicly-accessible rolling ecosystem fund for a Layer1 blockchain, announced its inaugural ...