At the heart of the metaverse derangement was the persistent inflation of its definition. McKinsey & Company proclaimed in June 2022 that the metaverse could generate “up to $5 trillion in impact by ...

As the Metaverse evolves beyond its early hype cycle, its real potential is becoming easier to see. Instead of standing alone, it’s increasingly tied to bigger shifts across tech, including advances ...

Forbes contributors publish independent expert analyses and insights. Tim Bajarin covers the tech industry’s impact on PC and CE markets. When Facebook CEO Mark Zuckerberg announced he would rename ...

Meta’s enormous bet on virtual reality ended last week, with the company reportedly laying off roughly 1,500 employees from its Reality Labs division — about 10% of the unit’s staff — and shutting ...

Mark Zuckerberg once pitched the Metaverse as the next era of the internet, a sweeping bet that reshaped Facebook into Meta and redirected tens of billions of dollars into virtual worlds. Now the ...

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 ...

As virtual environments evolve from speculative concepts into engaged digital economies, forward-thinking organizations are presented with a transformative opportunity: building dedicated marketplaces ...

The metaverse, once heralded as the future of digital interaction, has officially reached its end, as detailed by Kira. Despite billions of dollars in investments and years of development, the concept ...

Meta's big bet on the metaverse hasn't worked out, and its shifted investment away. But the metaverse, as stupid and silly and legless as it was, was a beautiful idea. Instead, now we have an internet ...

Job cuts and possible product changes at Facebook parent company Meta indicate declining investment in virtual worlds. Law firms that opened metaverse offices have already noticed waning interest and ...