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Meta is shifting Horizon Worlds away from VR and focusing almost entirely on mobile to reach a much larger audience.

Forbes contributors publish independent expert analyses and insights. Tim Bajarin covers the tech industry’s impact on PC and CE markets. Mark Zuckerberg announced his Metaverse strategy in late ...

Meta Platforms is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported Thursday, citing people familiar with the discussion. The Facebook parent’s shares ...

The Metaverse, Mark Zuckerberg’s vision that took shape in 2021, does not seem to be delivering as desired, as Meta, the parent company of Facebook, is planning to make meaningful cuts in resources ...

Meta spent about $90B on metaverse projects, yet mainstream users stayed away. VR offices did not beat Teams or Zoom ...

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for ...

Meta stock climbed after Bloomberg reported that the company was looking to make cuts to the metaverse unit. The budget cuts could be as high as 30% for the unit and would likely include layoffs, the ...

At the heart of the metaverse derangement was the persistent inflation of its definition. McKinsey & Company proclaimed in June 2022 that the metaverse could generate “up to $5 trillion in impact by ...

In 2021, Mark Zuckerberg recast Facebook as Meta and declared the metaverse—a digital realm where people would work, socialize, and spend much of their lives—the company’s next great frontier. He ...

Today, the internet is a disparate collection of sites, apps and platforms. Because they are separate from one another, they lack interoperability and data portability. So, despite huge advances made ...