Mark Zuckerberg’s vision for the Metaverse has become an exercise in corporate schadenfreude. Here's what went wrong.
Shares of Facebook parent Meta dropped more than 4% on Friday, showing rare vulnerability for the powerhouse stock after a pair of landmark court rulings, and on the heels of the decline of its ...
Meta increased its capital spending by $10 billion because it “continued to underestimate” its compute needs, said its CFO.
A once-booming market for virtual real estate left early believers holding assets with little demand. Five years ago, tech ...
In Meta's first-quarter earnings report, the company said Reality Labs recorded an operating loss of over $4 billion while ...
Meta's biggest swing at creating a social network for VR looked like it was dying a quick death in June. Horizon Worlds, a platform that Meta said would be deemphasized for VR in favor of mobile ...
Tech giant Meta has begun taking steps toward its long-touted plan of making humanoid robots. The social media firm has ...
Meta plans to cut its budget by up to 30% in its Reality Labs metaverse division. It's considering job cuts as part of that move, leaving employees uncertain. The cuts may impact Horizon Worlds and ...
In December of last year, apparent budget cuts at Meta’s reality labs division looked ominous for Meta’s metaverse platform, Horizon Worlds, and my Gizmodo colleague James Pero dared to suggest that ...
When Facebook changed its name to Meta a few years ago, the idea was that the VR metaverse would become a huge pillar for the company. I think we can safely say that's not going to happen. On its ...
Meta reported a strong Q1 2026 with 33% revenue growth to $56.3 billion and $26.8 billion in net income, aided by an $8 billion tax benefit. Despite this, shares fell nearly 9% as the company raised ...
Thu, March 19, 2026 at 7:04 PM UTC Meta Platforms (NASDAQ:META) stock slipped 2% in afternoon trading on Thursday, with META shares trading at $602 and change. The move adds to a rough stretch that ...