Meta's fresh layoffs trigger major sell-off

Sandbox (SAND) and Decentraland (MANA), once known as early metaverse leaders, were trading in the red as well. SAND was down ...

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

Meta Platforms Inc. is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part of a plan to ...

Meta Ditches the Metaverse for Smart Glasses After $70B Reality Labs Loss

Meta is laying off 1,500 Reality Labs employees, shifting focus from the metaverse to AI-powered wearables like the Ray-Ban ...

Meta Starts Cutting Jobs, Signaling a Broader Shift in Strategy

Meta is cutting more than 1,000 jobs in its Reality Labs division, a unit working on virtual and augmented reality hardware, ...

Metaverse's swan song also affects game studios

The namesake metaverse is not the future of Meta Platforms after all. Now AI and wearables are supposed to drive the stock.
Destination CRM

What Happened to the Metaverse?

Neil Stephenson introduced the metaverse as a concept in his 1992 novel Snow Crash, where he depicted it as a digital realm where users, represented by avatars, engage in a simulated reality.

PUBG creator's take on a metaverse is radically different from Roblox or Fortnite: "Everyone's doing it the wrong way"

PlayerUnknown's PUBG inspired Fortnite's battle royale experience, but he won't be similarly influenced by Epic's metaverse moves.
Forbes

The Metaverse Was Suppose To Change How We Bank — What happened?

The metaverse was supposed to be transformative. In March 2022, Meta CEO Mark Zuckerberg called it “the next chapter of the internet overall.” Three years ago, Satya Nadella, CEO at Microsoft, wrote ...
Forbes

Meet The Metaverse: Practical Business And Social Applications

With roots in gaming and entertainment, the metaverse is gaining fresh attention as organizations in a variety of sectors explore its expansive possibilities. Offering virtual spaces where users can ...