Meta's deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses raised ...

The division — which employs roughly 15,000 people — has a strong presence in the Seattle area and is responsible for the company's "metaverse" technologies that work in conjunction with augmented and ...

The company's Reality Labs division--which comprises virtual and augmented reality consumer hardware, software, and ...

That would be a major jump from $72 billion last year, as the tech giant aims to compete in the artificial intelligence race.

Jan 12 (Reuters) - Meta plans to cut around 10% of the employees in its Reality Labs division who work on products including the metaverse, the New York Times reported on Monday, citing three people ...

The company's market capitalization has escalated by roughly $173 billion during the last 5 days and now sits at $1.7 trillion.

In 2021, Meta Platforms (NASDAQ: META) was so convinced of the potential in the metaverse that it not only invested heavily ...

Meta plans to cut employees in its Reality Labs division, which includes metaverse products, as the company shifts priorities to build next-generation AI.

Meta Platforms stock is upgraded to a "Strong Buy" with an $893 price target. Here's what investors need to know about the social media titan.

The layoffs come as Meta announces widespread layoffs across its Reality Labs division. The business is responsible for the ...