metaverse
Meta’s Zuckerberg plans 30% budget cut to metaverse unit, potentially triggering January layoffs: sources
The proposed metaverse cuts are part of the company’s annual budget planning for 2026
Dolce & Gabbana metaverse fashion offering leaves shopper fuming
Dolce & Gabbana USA was sued by a customer who said the non-fungible tokens (NFTs) he spent US$6,000 on that came with outfits to wear in the metaverse lost 97 per cent of their value because the Ital...
Meta’s results are best viewed through rose-tinted AI glasses
Investors are unhappy about profligate spending on artificial intelligence, but Mark Zuckerberg’s big bets have paid off before
Meta to lay off employees in metaverse silicon unit on Wednesday
META is planning to lay off employees on Wednesday in the unit of its metaverse-oriented Reality Labs division focused on creating custom silicon, two sources familiar with the matter told Reuters on ...
China’s industry ministry to work on standards for the metaverse
CHINA’S Ministry of Industry and Information Technology (MIIT) said on Monday (Sep 18) that it will form a working group to establish standards for the metaverse sector, as Beijing seeks to be a globa...
Ralph Lauren CEO Louvet targets young shoppers in the metaverse
AT THE helm of Ralph Lauren Corp, chief executive Patrice Louvet is navigating the novel challenges modern times bring for the fashion industry. The list includes dealing with a world where hoodies ca...
Roblox business chief to depart
Roblox chief business officer Craig Donato is leaving gaming and metaverse company Roblox, the company told Reuters on Friday (Jul 14).
EU antitrust chief says no concerns about metaverse, sees no regulation yet
THE metaverse, shared virtual worlds accessible via the Internet, has not triggered any concerns so far or the need for legislation to rein it in, EU antitrust chief Margrethe Vestager said on Thursda...
Meta to launch Twitter-like app Threads
META Platforms plans to launch a microblogging app, Threads, days after Twitter executive chair Elon Musk announced a temporary cap on how many posts users can read on the social media site.
Musk and Zuckerberg call out each other for cage fight
Tech titans Mark Zuckerberg and Elon Musk are in a fierce business rivalry that has spilt over into a playground spat, with the two men offering to fight each other in a cage.
