Insiders say the metaverse project has become a financial sinkhole, consuming $45 billion by early 2025. That's nearly equal ...

It was three years old. The capital-M Metaverse, a descendant of the 1982 movie "Tron" and the 2003 video game "Second Life," was born in 2021 when Facebook founder Mark Zuckerberg changed the ...

"We expect to end 2023 as either roughly the same size or even a slightly smaller organization than we are today.” It's been a poor quarter for Facebook's parent company Meta, which reported ...

After falling out of favor in recent years, the metaverse is regaining momentum in 2025. With billions in funding and ...

Facebook parent company Meta unveils plans to build a $1.1 billion new data center in Spain as part of its bullish plans to build a metaverse. Meta, the parent company of Facebook, is investing ...

All aspects of Meta's public presentation ... a social-media company with (debatably) failed metaverse ambitions. New blue-and-black Facebook is competing toe-to-toe — and winning — with ...