Meta’s enormous bet on virtual reality ended last week, with the company reportedly laying off roughly 1,500 employees from its Reality Labs division — about 10% of the unit’s staff — and shutting ...

Five years ago, tech angel investor Chris Adamo and a few friends jumped on a burgeoning trend in the digital asset world: they used a virtual real estate broker to buy 23 parcels of property in a ...

Meta's big bet on the metaverse hasn't worked out, and its shifted investment away. But the metaverse, as stupid and silly and legless as it was, was a beautiful idea. Instead, now we have an internet ...

Job cuts and possible product changes at Facebook parent company Meta indicate declining investment in virtual worlds. Law firms that opened metaverse offices have already noticed waning interest and ...