Actually, Mark Zuckerberg didn't burn $80 billion on the metaverse

Tech Insider : Business, Economy, Technology
Meta CEO Mark Zuckerberg onstage at the company's 2024 developer conference, September 2024
Meta CEO Mark Zuckerberg's Reality Labs unit has lost more than $80 billion. But only some of that money was spent on metaverse projects. Much of it went to hardware projects like the Orion prototype he wore onstage in 2024.

Andrej Sokolow/picture alliance via Getty Images

Meta's metaverse is going mobile — and leaving VR behind

Tech Insider : Business
Mark Zuckerberg wearing a VR headset
Meta CEO Mark Zuckerberg wears a virtual reality headset

credit should read GLENN CHAPMAN/AFP via Getty Images

Palmer Luckey says Meta's VR layoffs aren't a 'disaster' — and fix a problem critics aren't talking about

Tech Insider : Business, Environment, Technology
Palmer Luckey, Oculus VR, at Collision 2019 at Enercare Center in Toronto.
Palmer Luckey says Meta's VR layoffs cut bloated in-house game studios that were quietly undermining the industry's ecosystem.

David Fitzgerald/Sportsfile via Getty Images

Meta is closing its VR workplace app amid Reality Labs layoffs

Tech Insider : Technology, Business
Meta logo displayed on a tablet
Meta has made the decision to discontinue Workrooms as a standalone app

Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images

Meta is planning layoffs in its Reality Labs unit as it prepares for its 'most important' meeting of the year

Tech Insider : Technology, Business
Meta CTO Andrew Bosworth
Meta CTO Andrew Bosworth, who heads the Reality Labs unit.

GLENN CHAPMAN/AFP via Getty Images

Meta's Reality Labs chief is calling the 'most important' meeting of the year, urging employees to show up in person

Tech Insider : Technology, Business
Andrew Bosworth, Meta CTO, is mid speech with his hands held aloft in front of him, as if emphasizing a point. He is standing in front of a light blue background and wearing a dark denim overshirt, which is open over a white undershirt. He is wearing a microphone on his face.
Meta CTO Andrew Bosworth.

JOSH EDELSON/AFP via Getty Images

The tech guys can't get you to wear face computers. But they're not giving up.

Tech Insider : Business, Style
Queen Camilla in Meta Ray-Ban glasses.
The queen tried Meta's Ray-Bans back in 2022. Will more of us try them this year?

Kirsty O'Connor/AP

Anduril's AI wearables launch brings Palmer Luckey and Mark Zuckerberg's relationship full circle

Tech Insider : Business, Politics, Technology
A soldier wearing Anduril's EagleEye headset.
A soldier wearing Anduril's EagleEye headset.

Anduril

Why Apple might be giving up on the Vision Pro

Tech Insider : Business, Technology
Apple CEO Tim Cook stands next to an Apple Vision Pro headset, June 2023
Apple CEO Tim Cook showed off the Apple Vision Pro in the spring of 2023. It hasn't made much of a splash since then.

Justin Sullivan/Getty Images

Meta's $800 computer glasses are here, and they're very cool. You may even want to buy them.

Tech Insider : Business
Meta Ray-Ban Display glasses with a display in the right lens
Meta's Ray-Ban Display glasses has a display in the right lens.

Meta

Subscribe to virtual-reality