Forbes contributors publish independent expert analyses and insights. Cortney is an expert in smartglasses, VR, AI, and the future of work. Just under three years later, Bloomberg is reporting that ...

Meta Platforms Inc. is weighing significant cuts to the budget of its metaverse unit, Bloomberg and the New York Times reported today. The unit is responsible for the company’s Quest series of virtual ...

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for ...

At the heart of the metaverse derangement was the persistent inflation of its definition. McKinsey & Company proclaimed in June 2022 that the metaverse could generate “up to $5 trillion in impact by ...

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 ...

Shares of Meta Platforms rose up to 4% Thursday following reports the company was scaling back its spending on the metaverse project, a virtual reality experience the company once touted as the future ...

A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Shares of the company formerly known as Facebook shot up 7% early Thursday in ...

The word “metaverse” has been used so often in recent years that it can feel more like a buzzword than a concrete idea. Tech companies promise it will change how we work, learn, play, and even relate ...

Meta is reportedly planning steep cuts to its metaverse division, according to Bloomberg. This is happening just a few years after the company changed its name from Facebook to reflect its renewed ...

The Roundhill Ball Metaverse ETF offers exposure to companies advancing the metaverse, spanning infrastructure, software, and user interface technologies. METV is a capital appreciation vehicle, ...

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for ...