Mark Zuckerberg’s metaverse dream is giving investors nightmares. His $10 billion annual bet on an “embodied internet” preceded a plunge in Meta’s value, a first-ever quarterly revenue decline, and ...

VR headset sales were down in 2022, reflecting waning interest in a buggy metaverse. Even if consumers wanted to engage with this technology, the current price of headsets makes it inaccessible for ...

32.6% of U.S. youth own a virtual reality (VR) headset (41% of boys vs. 25.1% of girls). The metaverse, a space where the lines between physical and digital realities blur, is rising among younger ...

Mark Zuckerberg's Meta is dropping VR support for its flagship metaverse world, which it launched in 2021 as part of the company's big gamble on virtual worlds. Meta Platforms will shut down its ...

Though still refocusing on its mobile app, Meta will now continue to support Horizon Worlds' existing VR games as well. Now it seems as though Meta has partially reversed its decision, with CTO Andrew ...

The metaverse’s association with other struggling “Web3” technologies, namely blockchain, NFTs, and crypto — considered by some to be essential to the future decentralized metaverse — hasn’t exactly ...

When Facebook changed its name to Meta a few years ago, the idea was that the VR metaverse would become a huge pillar for the company. I think we can safely say that's not going to happen. On its ...

Meta, the self-styled “metaverse company” formerly known as Facebook, has taken on a novel role de-hyping the virtual world technology its founder bet the farm on just a few short years ago. No, it ...

Virtual reality workforce learning startup Gemba said today it has closed on an $18 million early-stage funding round that brings its value to $60 million. The U.K.-based startup, officially known as ...

In the days leading up to the launch of the Quest Pro, Meta CEO Mark Zuckerberg has called the new headset a “great working device” — possibly even a laptop replacement. Gaming in VR is one thing — ...

Meta’s latest developer update delivers a quiet but major shift in strategy: the company is moving its metaverse ambitions away from virtual reality and focusing almost entirely on mobile experiences.

Meta's Horizon Worlds will be available on Quest headsets for a while after all, after originally aiming for a June 15 hard shutdown. But it won't support anything new. I started with CNET reviewing ...