Utherverse®️, described by Business Wire as “one of the largest metaverse platforms in the world,” announced today that a ...

Wall Street is sending a clear signal to Meta Platforms that it wants the company to reduce spending on Reality Labs.

What if $2,500 today could become $809,000 in just a few months? That's not hype. That's math. The crypto market is heating ...

Yuga Labs has acquired the Unreal Engine–based creator platform that powers Otherside from Improbable, and negotiated a ...

Summary: Meta Platforms (Nasdaq: META) has faced criticism for investing too heavily in the Metaverse, but the company’s broader business has continued to perform well. During a recent episode of The ...

Meta Platforms (META) is preparing to cut metaverse investments by up to 30% in 2026 after Reality Labs lost $60B since 2020. Meta froze AI division hiring in August amid restructuring despite ...

The 30% cut in Meta’s budget for this technology can be seen either as a death sentence for the project or as a natural phase within a long-term strategy ...

CEO Mark Zuckerberg’s bet on immersive online worlds has lost the company more than $77 billion.

PRNewswire/ -- transcosmos operates Geek Jack, a cross-border e-commerce site featuring entertainment items, most notably products from internationally popular virtual YouTubers, attracting users ...

Meta cuts metaverse budget by 30% after losing over $70B since 2021. With AI spending set to surge in 2026, should investors ...

A sense of smug satisfaction wafts across the internet whenever a report indicates Mark Zuckerberg’s metaverse vision is in trouble. So it was last week when my colleague Kurt Wagner broke the news ...