After betting heavily on the metaverse—and spending many billions building it—Meta recently pivoted hard.
Meta spent about $90B on metaverse projects, yet mainstream users stayed away. VR offices did not beat Teams or Zoom ...
Meta has announced that its social virtual world, Horizon Worlds, will shift toward a mobile-first experience, loosening its ties to the Quest virtual reality headset line. The decision, confirmed ...
Meta is formally sectioning off Horizon Worlds, the closest thing it has to a metaverse, from its Quest VR platform, ...
Meta said it's shifting focus for Horizons Worlds to be "almost exclusively mobile" and that it will separate its Quest VR ...
Meta Platforms (NASDAQ:META | META Price Prediction) has been aggressively forging major agreements with leading chipmakers to supercharge its AI infrastructure expansion. Deals with Nvidia ...
Meta's Horizon Worlds pivots to mobile focus, scaling back VR efforts. This strategic shift positions it against platforms ...
Meta plans to cut its metaverse budget by roughly 30% to prioritize AI spending. Reality Labs has spent tens of billions over recent years. Meta shares recently fell more than 25% from peak levels.
Discover how Meta leverages ads on Facebook and Instagram while expanding into the metaverse with VR technologies.
In general, Meta frames many of its recent moves as a pivot away from first-party development of VR experiences to a focus on a third-party developer ecosystem, with stats like “86% of the effective ...
Commentary: Meta's pushing its metaverse platform almost entirely to phones. It's the latest sign of a massive shift in the company's focus.