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.
VR
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 launches Hyperscape, technology to turn real-world spaces into VR
Meta launches Hyperscape into beta, allowing users to turn real world spaces into digital spaces for VR.