Virtual Reality Industry News
A collection of Virtual Reality latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Promising Virtual Reality Stocks To Consider - December 4th
Battle of the Big-Upside Tech Names: HUBS vs. NBIS vs. TEAM Meta Platforms, zSpace, and The Glimpse Group are the three Virtual Reality stocks to watch today, according to MarketBeat's stock screener tool. Virtual reality stocks are shares of…
Meta Weighs Cuts to Its Metaverse Unit
Meta is considering making cuts to a division in its Reality Labs unit that works on the so-called metaverse, said three employees with knowledge of the matter. The cuts could come as soon as next month and amount to 10 to 30 percent of employees…
Meta Shares Rise On Reports Of Metaverse Pullback
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 of virtual communication. Meta platforms are…
Requiem For The Metaverse: On Meta's Missed Opportunity
The cover of the Davos-focused special issue of Time Magazine, 2023. In January of 2023, I got off a train in Davos, Switzerland, to speak about and help launch a program called Whose Metaverse. Within five minutes of arriving at my hotel, someone…
Meta reportedly plans to slash Metaverse budget by up to 30%
Meta may be planning to make serious cuts to its Metaverse division, Bloomberg reported, citing anonymous sources. Company executives are mulling slashing the virtual reality platform's budget by up to 30%, the report said, adding that any…
Mark Zuckerberg Retreats From the 'Metaverse'
The “Metaverse” isn't what it used to be. Meta Platforms is expected to cut resources from the virtual reality initiative Mark Zuckerberg once framed as the future of the company and his reason for changing its name from that social…
Meta stock price: META rises on report that Zuckerberg will cut up to 30% of metaverse division
Shares of Meta Platforms, Inc. (META) rose on Thursday after Bloomberg reported the technology company was planning to cut spending across its division by 10%, with as much as 30% cuts to its virtual reality group, which includes the so-called…
Spotlight shines on humanoid robots at Tokyo show
Robots equipped with cutting-edge technologies that perform duties on behalf of humans at workplaces and disaster-hit sites are on display at the 2025 International Robot Exhibition in Tokyo. At the exhibition, which kicked off at Tokyo Big Sight…
Meta's Zuckerberg Plans Deep Cuts for Metaverse Efforts
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 changing its name from Facebook Inc. Executives are…
Wall Street Lunch: Meta Shares Jump As Zuckerberg Prepares To Cut Metaverse Spending
Listen below or on the go on Apple Podcasts and Spotify Meta looking to make big cuts to Metaverse team as it focuses on AI. (0:15) Is AI's future now in Paris ? (1:18) Is Bugs Bunny destined for Stranger Things? (2:55) This is an abridged…
Meta is reportedly going to slash spending on the metaverse
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 interest in that same metaverse. Bloomberg notes…
Meta's Zuckerberg plans deep cuts for metaverse efforts
(Bloomberg/Kurt Wagner) — 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 changing its name…
Meta Plans 30% Cut to Metaverse Budget in 2026 as Reality Bites: Bloomberg
Meta (META) may be pulling back even further from the metaverse it once bet its future on. Executives are discussing budget cuts of up to 30% at the company's metaverse division in 2026, according to a Bloomberg report citing people familiar with…
Meta could axe up to one-third of its 'metaverse' budget next year
The budget cuts aren't yet finalized, but they could impact the team that works on Meta's Quest headsets and Horizon Worlds, Bloomberg reports. The budget cuts aren't yet finalized, but they could impact the team that works on Meta's Quest headsets…
Meta surges 6% on massive metaverse spending cuts
Mark Zuckerberg's dramatic shift away from virtual reality sends investors cheering Investors sent Meta Platforms stock soaring more than 6% Thursday morning after reports emerged that CEO Mark Zuckerberg is preparing to dramatically scale back the…
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