metaverse

Meta begins job cuts as it shifts from metaverse to AI devices

Reality Labs’ metaverse unit, built around long-term VR and AR projects, has lost more than US$70 billion since 2021.

Meta’s Zuckerberg plans 30% budget cut to metaverse unit, potentially triggering January layoffs: sources

Dolce & Gabbana allegedly told consumers that buying the DGFamily NFTs would grant them access to various digital rewards, physical products and exclusive events.

Dolce & Gabbana metaverse fashion offering leaves shopper fuming

A visitor tests the Meta Quest Pro goggles at a technology fair in Germany on Apr 22. While Zuckerberg's track record is good, there is a lingering problem with the "metaverse", a bet that has shown only minimal signs of bringing good results.

Meta’s results are best viewed through rose-tinted AI glasses

Employees were informed of the layoffs in a post on Meta’s internal discussion forum Workplace on Tuesday.

Meta to lay off employees in metaverse silicon unit on Wednesday

The metaverse has become one of the hottest tech trends since 2021, but there is yet to be consensus on what qualifies as a metaverse despite the hype.

China’s industry ministry to work on standards for the metaverse

The media headlines have moved on from the metaverse, but the consumer has not, says Ralph Lauren CEO Patrice Louvet.

Ralph Lauren CEO Louvet targets young shoppers in the metaverse

Roblox gets 66 million daily users and is available on mobile devices, desktops, and Microsoft’s Xbox.

Roblox business chief to depart

Facebook owner Meta Platforms, Microsoft and Apple are working on metaverse products or services, prompting fears that the companies may dominate the area.

EU antitrust chief says no concerns about metaverse, sees no regulation yet

Threads, Instagram’s text-based conversation app, is expected to be released on Thursday.

Meta to launch Twitter-like app Threads