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Why Zuckerberg is finally ditching the $70B metaverse

Mark Zuckerberg spent years insisting the metaverse was the next chapter of the internet, but the bill for that bet has finally come due. After roughly $70 billion in cumulative losses tied to virtual ...
Meta's stock has surged as investors reward a sharp pivot away from its most expensive Metaverse ambitions and toward more ...
The $77 billion 'failure' of Meta's metaverse division has made the social-media company the dominant force in AR and VR ...
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 ...
Meta logo reflected in smart glasses highlights the company’s push into AR wearables and immersive tech growth. Shares of Meta Platforms got a boost in early December, helping stem the stock's ...
As Meta pulls back investment, here's what happened to some of the startups that went all-in on the metaverse.
Meta's recent actions have given rise to speculation that the company is moving away from the metaverse. To validate this claim, it is important to understand the dynamics behind the metaverse and ...
Ian says the gap between Meta’s vision of its Metaverse and real life never closed. Now that gap is now forcing Meta to make big ...
Meta’s Connect keynote felt different this year, and not just because it marked the return of an in-person event. It’s been nearly two years since Mark Zuckerberg used Connect to announce that ...
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 ...