Meta plans deep cuts to its metaverse and Reality Labs division in 2026 — how did it go from the next big thing to nothing?

Meta Platforms (META) shares are rallying after Bloomberg reported that CEO Mark Zuckerberg is preparing to make sharp cuts to the company’s metaverse operations.

When the Dubai Metaverse Strategy launched in July 2022, the ambition was clear: turn Dubai into one of the top ten metaverse economies globally, support more than 40,000 “virtual” jobs by 2030, and ...

Meta's plan to cut back on metaverse spending is a sign that projects not helping tech companies' AI goals are falling out of ...

As globe-spanning megacorps go, Meta is making the rest of them look like amateurs. On Friday, a brief filed as part of an unprecedented lawsuit against four social media giants was made available to ...

Napster stunned its faithful when an online shareholder meeting on 20 November revealed that the massive investor it had been boasting about since January was unlikely to deliver the cash. Chief ...

Mark Zuckerberg has spent the past several years pitching the metaverse as the next great computing platform, even as his company faces intensifying scrutiny over how its products affect children. The ...

On Version History: the long, litigious story of the last big thing in music piracy. On Version History: the long, litigious story of the last big thing in music piracy. is editor-at-large and ...

Sandisk’s AI-fueled rally has turned it into an “elephant” in the S&P SmallCap 600, and that could put the stock ahead of bitcoin-treasury play Strategy (MSTR) in the race for the S&P 500’s next open ...

Through the looking glass: Nearly three decades after its US patent date, the MP3 is no longer the cutting edge of audio compression. Yet support for it remains ubiquitous in media players, browsers, ...

Good morning, and welcome to Datavault AI's Third Quarter Conference Call. With us today are Nathaniel Bradley, CEO; and Brett Moyer, CFO. This call will contain forward-looking statements, which ...

Some debt issued by Strategy, formerly known as MicroStategy, now yields nearly 8% as investors show some concern about the company’s ability to pay off the bonds in 2028 when holders can redeem the ...