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This is expected to be the first round of sweeping layoffs, set for May 20, with a second round scheduled for the second half of the year.
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Meta Platforms moves beyond metaverse, here's how much stock has gained since company changed name
Technology giant Meta Platforms META has been betting aggressively on the growth of artificial intelligence in recent years. This has come at the expense of eliminating jobs in the company's metaverse segment and spending less time on the areas that CEO ...
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 much-hyped metaverse and another delay of its AI model.
According to an internal memo, Meta plans to begin its sweeping layoffs on May 20.
Meta‘s metaverse ambitions are hitting a crossroads. In a move that marks a dramatic shift in strategy, the tech giant is shutting down the VR version of Horizon Worlds on Quest. Once hailed as the future of digital interaction, Meta’s flagship VR ...
Job cuts and possible product changes at Facebook parent company Meta indicate declining investment in virtual worlds. Law firms that opened metaverse offices have already noticed waning interest and a shift to alternative virtual meeting options.
Meta has revamped its Horizon OS, dropping the unpopular Horizon Worlds. Instead, it's drawing heavily on inspiration – from none other than the Vision Pro.
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 has the stock down 9% year-to-date and 6% over the past week.
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 community forums, Meta confirmed that Horizon Worlds, the ...
Meta plans to deploy tens of millions of Amazon Web Services' Graviton 5 CPU cores as part of a multi-year collaboration that will make the social network among the largest-ever consumers of the cloud giant’s homegrown silicon.