will lay off 10,000 more workers and incur restructuring costs ranging from $3 billion to $5 billion, the company announced Tuesday, with CEO Mark Zuckerberg warning economic instability could continue for “many years.”

Two senators have urged Mark Zuckerberg not to open up Meta's Horizon Worlds app to younger teenagers.

Meta's investment into its vision of a VR-connected future for social media remains colossal.

Last year, Apple announced significant changes to its privacy policy to give users greater control of their data, adding opaqueness and complexity for advertisers. What Apple calls IDFA was a bold move that was set to potentially disrupt advertisers that had depended on relatively easy to gain access to user data to help target advertisements. As Apple implemented these new policies there were many questions as to which advertisers would be most significantly impacted.

Meta is betting big on virtual reality as an anchor technology for its metaverse, but VR isn't catching on yet within the mainstream.

“We built something pretty close to the right thing.”

Meta's head of people also said the company will no longer take a public stance on political issues unless the issue is "core" to Meta's business.

The metaverse is predicted to be $5 trillion in value by 2030 as per leading analysts McKinsey & Co.’s new research. These figures show that the metaverse may be just too big to ignore. Experts agree that the metaverse will influence the business ecosystem and leave imprints on all sectors.

The Notorious B.I.G., 25 years after his death, will be resurrected as a “true-to-life, hyperrealistic” avatar in a virtual-reality concert coming exclusively to Meta’s VR and Facebook platforms.

You’re better off buying three Quest 2s.

Meta has scrapped the development of its health and messaging-focused smartwatch, in an abrupt end to the company's plans to directly compete with the Apple Watch. Employees were reportedly told on Friday that work on its smartwatch project would be halted as part of a cost-cutting effort that will involve structural changes to the company.

A Meta employee says he was laid off from the company two days after relocating from India to Canada for work. Himanshu V., a software engineer from India, wrote in a LinkedIn post on November 10 that he was one of the thousands of employees affected by Meta's mass layoffs. "I relocated to Canada to join #Meta and 2 days after joining, my journey came to an end as I am impacted by the massive layoff," Himanshu, a software engineer, wrote in the post. "My heart goes out to everyone facing a difficult situation right now."

After spending about two weeks with it, here’s my takeaway: The Pro has an identity crisis. At $1,500, it’s far too expensive to be considered a consumer device for gaming. Unfortunately, most of the apps on the device haven’t been optimized for the new Pro, so it also doesn’t feel ready for professional use, either. Meta still needs VR developers who are looking to enhance the metaverse to buy the Pro and create more apps and use cases for the headset.

Facebook founder and CEO Mark Zuckerberg described the cuts as a "last resort" in a memo sent to staff.

Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday. The job cuts come just a week after widespread layoffs at Twitter under its new owner, billionaire Elon Musk. There have been numerous job cuts at other tech companies that hired rapidly during the pandemic.

Meta Platforms Inc is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday.

Investors have expressed their ire in meetings with Meta executives, including some conferences with Mark Zuckerberg over the past week, FT reported.

Investors wiped more than $65 billion from Meta’s market capitalization on Wednesday after the Facebook owner reported another quarter of declining revenues and failed to convince investors that big bets on the metaverse and artificial intelligence were paying off.

Staring down the barrel of a potential recession, Meta should be focused on growing engagement and revenue for Instagram, Facebook, and WhatsApp.

The metaverse is a failure. The games are stupid. I’ve tried DecentralandMANA 0.0%, which is a token I stupidly own. My avatar keeps banging into walls. Even if I paid for the premium services, skins, or whatever they are called, I could not imagine the experience being all that interesting. The token is off 81% year-to-date. It’s a wonder they are even still in business. Grayscale’s Decentraland ETF is being bought now by crypto vultures who like it at 60 cents and think it might go to a $1 again someday.