Meta burned $19 billion on VR last year, and 2026 won’t be any better
The reported financial losses follow a series of layoffs at the VR unit.
reality labs
Meta to reportedly lay off 10% of Reality Labs staff
Meta is laying off 10% of staff in its Reality Labs division, which is core to developing the company’s VR and metaverse products.
Meta researchers are developing a gesture-controlled wristband that can interact with a computer
The goal of this wristband is to provide less invasive tools to interact with computers for people with motor disabilities.