Topic: metaverse strategy
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Meta shifts focus to wearables amid Reality Labs layoffs
Meta is reducing its Reality Labs workforce by 10% to reallocate investment from broader metaverse initiatives toward its wearables product line. The strategic pivot is driven by the commercial success of products like the Ray-Ban smart glasses, which have overshadowed virtual reality headsets. M...
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Meta Reportedly Cutting 10% of Reality Labs Workforce
Meta is laying off approximately 10% of its Reality Labs workforce, impacting over a thousand employees and signaling a strategic shift away from some VR and metaverse initiatives. The restructuring includes closing several VR development studios while specifically protecting teams working on aug...
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Meta Halts Quest Horizon OS Sharing With Third Parties
Meta has paused licensing its Horizon OS to third-party hardware makers to instead focus on refining its own first-party VR and mixed reality products. The company is prioritizing the development of its core hardware and software to advance the VR sector, with future partnerships to be reconsider...
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Facebook's New Look: Friends, Photos & Marketplace Take Center Stage
Meta is redesigning the Facebook app to prioritize core social features, prominently elevating Facebook Marketplace in the navigation to capitalize on its popularity, especially with younger users. The update streamlines navigation and introduces new features like a double-tap to like photos and ...
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