Meta announced changes that effectively leave Mr. Zuckerberg’s vision of an immersive digital world based in virtual reality only on life support.

In a post on its community blog today, Meta announced the timeline for the shutdown of Horizon Worlds for VR users. The Horizon Worlds app and related Events will disappear from Quest headsets by March 31, and VR users will no longer be able to use the ...

As the Metaverse evolves beyond its early hype cycle, its real potential is becoming easier to see. Instead of standing alone, it’s increasingly tied to bigger shifts across tech, including advances in AI, digital twin modeling and edge computing.

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook Inc. Executives are ...

At the heart of the metaverse derangement was the persistent inflation of its definition. McKinsey & Company proclaimed in June 2022 that the metaverse could generate “up to $5 trillion in impact by 2030—equivalent to the size of the world’s third ...

Forbes contributors publish independent expert analyses and insights. Cortney is an expert in smartglasses, VR, AI, and the future of work. Just under three years later, Bloomberg is reporting that Meta plans to cut 30% of its Reality Labs team next year.

To many, the metaverse is a childish-looking virtual world where Mark Zuckerberg invites us to socialize as clumsy, lifeless avatars. Few accepted the invitation. Now that Meta is scaling back several of its metaverse initiatives, commentators across the ...