• Meta Is Reportedly Scrapping Several Reality Labs Projects

    6 days ago - By Hypebeast

    Facebook -owner Meta is reportedly cutting several projects from its Reality Labs division, which houses the company's hardware and metaverse initiatives, according to Reuters. It is currently unknown which projects will be scrapped, though Meta CTO Andrew Bosworth reportedly told Reality Lab staffers that various efforts will be "postponed," as the company is no longer able to financially support its previous plans. A spokesperson confirmed that Meta was not planning layoffs. The announcement marks the latest hit to Meta's trailblazing plans to pivot into the metaverse, following the...
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