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Alibaba reportedly cuts dozens from metaverse unit
4.11.2024
The Chinese e-commerce giant has become the latest to slash resources for metaverse development as the focus shifts to AI.
Alibaba reportedly cuts dozens from metaverse unit
4.11.2024
The Chinese e-commerce giant has become the latest to slash resources for metaverse development as the focus shifts to AI.
Alibaba reportedly cuts dozens from metaverse unit
4.11.2024
The Chinese e-commerce giant has become the latest to slash resources for metaverse development as the focus shifts to AI.
Meta cancels next-gen headset as Reality Labs remains mired in VR
24.8.2024
There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way
Meta cancels next-gen headset as Reality Labs remains mired in VR
24.8.2024
There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way
Meta cancels next-gen headset as Reality Labs remains mired in VR
24.8.2024
There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way
Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs
17.8.2024
Nicholas joins Meta as an executive mixed reality producer for entertainment experiences
The Grand Theft Auto: San Andreas VR Remake Sounds Dead In The Water As Meta Pivots To AI
15.8.2024
Remember when Meta, previously known as Facebook, was going to take the internet into three dimensions by recreating it in virtual reality as the metaverse? Ah, such times. More recently, the social media company has been scaling back its VR ambitions, and a VR remake of Grand Theft Auto:...
Meta burns another $4.5B on metaverse in Q2, preps for AI growth
1.8.2024
Meta’s share price popped 7% in after-hours trading following a better-than-expected Q2 earnings call
Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms
20.7.2024
Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs
Fans Are Getting A New Batman: Arkham Game After All, But It's In VR
1.5.2024
Batman: Arkham Shadow is a new entry in the beloved comic book metroidvania beat ‘em up series, though it’s not what many players were probably hoping for. It’s being made in VR and will be exclusive to the Meta Quest 3 headset. It’s scheduled to release in late 2024. Read more
Facebook Has Lost $1 Billion Every Month On VR Since June 2022
26.4.2024
Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that since June 2022, the metaverse-focused division has lost a billion dollars per month, and Meta expects...
Meta drops 15% on weak outlook and high AI and metaverse spending
25.4.2024
Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI products
Apple Vision Pro Not The ‘New Frontier For Masturbatory Technology’ After All
5.2.2024
Apple Vision Pro, the massive tech company’s foray into the VR headset space that hit stores just a few days ago, is very expensive. It’s an impressive piece of tech (hence the price tag), that you can use for working from home (by virtually pinning windows all over your house, take that...
Meta’s Reality Labs Reports $4.65 Billion Operating Loss in Q4 2023 as Metaverse Efforts Continue
2.2.2024
Meta subsidiary Reality Labs, which focuses on the development of the metaverse, recorded a significant operating loss of over $4.6 billion in the fourth quarter of 2023. In its fourth-quarter report, released on February 1, Meta revealed that Reality Labs reported a loss of $4.65 billion during...
Meta’s Quest 2 VR Headset Is Cheaper Than Ever
2.1.2024
First the price went up, and now, following the release of a newer headset from Meta, the very popular Meta Quest 2 has dropped to a new low of $250, making it a much easier buy for the VR-curious. Read more
Meta’s Metaverse Is Finding Its Legs — In Avatars
2.9.2023
Meta’s Horizon Worlds, the metaverse flagship app of the company formerly known as Facebook, is reportedly getting legs as part of users’ avatars in the coming weeks. The functionality is already present in a public test version of the app, but it is only present in Horizon Home,...
Meta Q2 earnings: Reality Labs losses top $7.7B year to date
27.7.2023
Meanwhile, Meta's metaverse-building business has racked up around $21 billion in losses since the start of 2022
Metaverse division's $4B loss drags on positive first quarter for Meta
27.4.2023
Zuckerberg expects Reality Labs operating losses to increase year-over-year in 2023
Meta Calls 2023 a ‘Year of Efficiency;’ Anticipates More Losses in Its Metaverse Division
4.2.2023
Meta, the company that owns Facebook, Instagram, and Whatsapp, has shared its fourth quarter results, reporting better numbers than expected. While the company beat revenue estimates, CEO Mark Zuckerberg declared 2023 a “Year of Efficiency,” hinting at a further restructuration of...