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Mark Zuckerberg says Meta's metaverse project will lose 'significant' sums of money for up to 5 years

The Meta CEO made the remarks at the company's annual meeting Wednesday. The Facebook owner spent $…

Rosie Bradbury   


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3 mins read

Mark Zuckerberg is betting it all on the metaverse because he wants to create an imitation world where he controls everything

In the metaverse, Zuckerberg doesn't have to worry about other companies interfering with his busin…

Travis Clark   


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3 mins read

Meta's VP of Metaverse says 'the metaverse hype is dead,' but that's OK

Now that the hype-cycle around the metaverse has died down, "we can put our heads down and build," …

Haley Tenore   


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2 mins read

Facebook changed its name to declare itself a metaverse pioneer — but it's years late to the party

The virtual worlds that currently exist are barren and awkward, but they still exist — and are furt…

Katie Canales   


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1 min read

Meta's metaverse division leaders are reportedly gathering for a summit that includes a meeting called 'Must Go Faster'

Leaders from Meta's metaverse division are reportedly scheduled to gather for a multi-day summit ne…

Lakshmi Varanasi   


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1 min read

It turns out Mark Zuckerberg does have a breaking point with spending on Meta's metaverse ambitions

Hardware teams at Meta's Reality Labs were asked to trim spending by almost 20% into 2026, The Info…

Sarah Jackson   


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2 mins read

Meta will charge creators fees of up to 47.5% to sell virtual wares in its metaverse

Meta and its CEO Mark Zuckerberg have previously criticised Apple for charging developers a 30% fee…

Isobel Asher Hamilton   


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2 mins read

Meta's metaverse app has several quality issues, admits head

The flagship metaverse product of Meta (formerly Facebook) is reportedly inundated with several qua…

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2 mins read

Meta employees proposed marketing its $399 virtual-reality headsets to people who will get student debt relief, a report says

"This is an opportunity for Meta Quest growth, as there is evidence that past Federal Stimulus spur…

Grace Kay   


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1 min read

Mark Zuckerberg told staff Meta is in 'deep, philosophical competition' with Apple to build the metaverse, report says

Mark Zuckerberg told Meta staff the company will try to build more "open" metaverse tech than Apple…

Isobel Asher Hamilton   


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3 mins read

Lakshmi Varanasi   


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3 mins read

Meta Platforms stock suffered a historic rout - but that doesn't derail the metaverse industry's mega-growth potential, say 2 experts

Insider spoke to people behind the Subversive Metaverse ETF and the Roundhill Ball Metaverse ETF in…

Carla Mozée   


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3 mins read

The fight to control the metaverse: Crypto die-hards prepare for battle with Facebook and Big Tech

Keanu Reeves summed up the feeling in cryptoland when he said: "Can we just not have metaverse be, …

Harry Robertson   


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2 mins read

Meta has reportedly stopped pitching advertisers on the metaverse

In the company's meetings with advertisers, Meta has been pushing Reels and AI tools, The Informati…

Will Gendron   


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2 mins read

Mark Zuckerberg's Meta has lost nearly $50 billion on the metaverse - more than Ford, Hershey, or Kraft Heinz are worth

Facebook-parent Meta has lost $47 billion in its metaverse division in under five years, a sum that…

Theron Mohamed   


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2 mins read

Zuckerberg sets for 'Meta Connect' amid quality issues with VR project

Meta CEO Mark Zuckerberg is set to announce the company's progress towards building the $10 billion…

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1 min read

Meta is 'not an innovative company' and its vision for the metaverse probably won't succeed, former top Nintendo exec says

Reggie Fils-Aime, former COO of Nintendo of America, told Bloomberg he didn't think Meta's "current…

Huileng Tan   


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2 mins read

Meta's CTO was asked whether the term 'metaverse' did more harm than good. He chuckled and compared it to the early confusion over the word 'internet.'

Meta's CTO, Andrew Bosworth, hosted a Q&A session on Instagram on Monday where he said the term "me…

Lakshmi Varanasi   


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2 mins read

Mark Zuckerberg says he's 'pretty confident' Meta is heading in a 'good direction' as stock crashes 20% after huge earnings miss

Meta's revenue fell for a second consecutive quarter as it ramped up spending on metaverse projects…

Grace Dean   


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1 min read

Mark Zuckerberg's $47 billion metaverse bet will take at least a decade to be 'fully realized,' says Meta exec

Meta's Nicola Mendelsohn told the World Economic Forum in Davos that the Facebook owner is still in…

Jyoti Mann