After months of being down and out, Meta Platforms (NASDAQ: META) may have just changed the narrative around its business in ...
Although Meta is making a sizable reduction to the headcount in its Reality Labs division, the company hasn't given up on the ...
Meta stock climbed after Bloomberg reported that the company was looking to make cuts to the metaverse unit. The budget cuts could be as high as 30% for the unit and would likely include layoffs, the ...
Meta Platforms (META) trades at 21x P/E, 36% below hyperscaler peers at 33x despite 368% stock gains over three years. Meta derives 97.7% of revenue from advertising. Reality Labs has accumulated ...
Meta is reportedly considering slashing spending on its metaverse division. Meta’s metaverse division works on the company’s vision for a shared, immersive digital universe where people can socialize, ...
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 ...
In further bad news for Meta's Quest VR headset series, Quest for Business is being wound down. It's further evidence of waning Meta interest in pursuing VR.