Meta is preparing to cut roughly 10% of staff from its metaverse-focused division, a move that underscores the company’s ...
Shares of Meta Platforms (META) jumped as much as 6% in premarket trading on Thursday after Bloomberg reported that CEO Mark Zuckerberg is expected to make cuts in the company's Metaverse operations.
Company cutting 1,500 Reality Labs jobs as it shifts from metaverse to AI after accumulating $70B in losses since 2020.

What was the metaverse?

Mark Zuckerberg effectively declared its death last December. But the delusional fervor it inspired lives on. Late last year, ...
This blog talks about how NFTs impact music, movies & celebrities like Snoop Dogg, empowering creators and engaging fans in ...
A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Shares of the company formerly known as Facebook shot up 7% early Thursday in ...