Meta's efforts to create the digital worlds known as the metaverse continue to be costly.

Meta's Reality Labs unit, which houses its metaverse technologies, recorded an operating loss of $4.48 billion in the second quarter. Since late 2020, the Reality Labs unit has generated cumulative ...

But where will all the legless avatars go?

Meta has announced that its social virtual world, Horizon Worlds, will shift toward a mobile-first experience, loosening its ties to the Quest virtual reality headset line. The decision, confirmed ...

In just over four years, Meta (META)’s Reality Labs division — focused mainly on its products in augmented reality (AR), virtual reality (VR), and the metaverse — has lost as much money as the market ...

Meta published its third quarter earnings today, and has recorded a loss of $4.4 billion in its AR/VR Reality Labs division. This is the third reported loss of the year in this segment, with Reality ...

Meta has made the decision to discontinue Workrooms as a standalone appIllustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images Meta is discontinuing its workplace virtual reality app ...

Despite ongoing losses, Reality Labs reported a 29% revenue increase in the third quarter. Expenses also rose by 19% year-over-year to $4.7 billion, largely due to higher staff-related costs and ...

Meta is preparing one of its most dramatic restructurings since it rebranded from Facebook, with plans to cut about 1,500 employees from its Reality Labs division while Mark Zuckerberg pours more ...

Meta CTO Andrew Bosworth said that cuts to the company's VR efforts were "a real loss." Bosworth said Meta was still "bullish" on VR, but that the company's investment had to "match the size of growth ...

There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way. Meta’s metaverse ambitions may not be going as well as planned. The company’s Realty ...