Would be US producer ST LNG is advancing a planned offshore production project by filing an export permit application with the US Department of Energy. The application seeks approval to send LNG from ...

Meta is planning to slash the budget for its Metaverse division according to a Bloomberg report. Company executives say the virtual reality platform’s budget will be reduced by up to 30%, and these ...

Executives at the tech giant are considering cutting up to 30% of the budget for its Reality Labs unit, which is building Mark Zuckerberg’s metaverse, Bloomberg reported Thursday. You might recall ...

Meta Platforms (META) is planning sharp budget cuts—up to 30%—in its metaverse operations, with layoffs likely as soon as January. META's metaverse spending reductions reflect underwhelming industry ...

Forbes contributors publish independent expert analyses and insights. Cortney Harding is an expert in VR, AI, and the future of work. Just under three years later, Bloomberg is reporting that Meta ...

Meta is reportedly planning steep cuts to its metaverse division, according to Bloomberg. This is happening just a few years after the company changed its name from Facebook to reflect its renewed ...

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.

Meta (META) may be pulling back even further from the metaverse it once bet its future on. Executives are discussing budget cuts of up to 30% at the company's metaverse division in 2026, according to ...

Meta plans to direct its investments to focus on wearables like its augmented reality glasses but does not plan to abandon building the metaverse. By Mike Isaac Reporting from San Francisco. Meta is ...

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 ...

Roblox continues to widen its lead in the metaverse and social gaming space. Daily active users surged to 151.5 million, up 70% year over year, and 39.6 billion hours of engagement, indicating the ...