Lumus, the company that developed the waveguide optic used in Meta’s Ray-Ban Display smart glasses, says it has achieved a 70° field-of-view in a new design revealed this week at CES 2026. This ...

Just over four years after Facebook changed its name to Meta, the company is scaling back its virtual reality ambitions. Meta is cutting about 10% of staff who focus on metaverse-related VR projects ...

Meta's Reality Labs division, long the epicenter of its metaverse ambitions, has now claimed over $73 billion in losses since late 2020, prompting a sweeping overhaul that eliminated more than 1,000 ...

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Meta Platforms cut 1,500 jobs from its Reality Labs division on January 14, 2026, capping a four-year drive that burned through $71 billion in pursuit of a metaverse future. This 10% workforce ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...