PANews reported on January 12th, citing a report from The New York Times, that three employees familiar with the matter stated that Meta Platforms (META.O) is consideringPANews reported on January 12th, citing a report from The New York Times, that three employees familiar with the matter stated that Meta Platforms (META.O) is considering
Meta plans to cut investment in its Metaverse team and redirect funds to its VR glasses business.
PANews reported on January 12th, citing a report from The New York Times, that three employees familiar with the matter stated that Meta Platforms (META.O) is considering layoffs in a branch of its Reality Labs division that works on the "metaverse" business, potentially starting as early as next month, affecting 10% to 30% of the team's employees. This team is primarily responsible for VR headsets and VR-based social networks. Reality Labs comprises the Metaverse and Wearables divisions. Sources indicated that management expects to redirect the savings from the layoffs to an AR glasses project. Meta launched AR glasses in 2021 in partnership with Ray-Ban, and sales have exceeded the company's internal targets. The sources stated that Meta is reassessing its Metaverse investments, and within the Metaverse division, executives are considering significant reductions in VR-related positions.
Market Opportunity
Victoria VR Price(VR)
$0,00256
$0,00256$0,00256
USD
Victoria VR (VR) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
USDC Treasury mints 250 million new USDC on Solana
PANews reported on September 17 that according to Whale Alert , at 23:48 Beijing time, USDC Treasury minted 250 million new USDC (approximately US$250 million) on the Solana blockchain .
Share
PANews2025/09/17 23:51
North America Sees $2.3T in Crypto
The post North America Sees $2.3T in Crypto appeared on BitcoinEthereumNews.com. Key Notes North America received $2.3 trillion in crypto value between July 2024 and June 2025, representing 26% of global activity. Tokenized U.S. treasuries saw assets under management (AUM) grow from $2 billion to over $7 billion in the last twelve months. U.S.-listed Bitcoin ETFs now account for over $120 billion in AUM, signaling strong institutional demand for the asset. . North America has established itself as a major center for cryptocurrency activity, with significant transaction volumes recorded over the past year. The region’s growth highlights an increasing institutional and retail interest in digital assets, particularly within the United States. According to a new report from blockchain analytics firm Chainalysis published on September 17, North America received $2.3 trillion in cryptocurrency value between July 2024 and June 2025. This volume represents 26% of all global transaction activity during that period. The report suggests this activity was influenced by a more favorable regulatory outlook and institutional trading strategies. A peak in monthly value was recorded in December 2024, when an estimated $244 billion was transferred in a single month. ETFs and Tokenization Drive Adoption The rise of spot Bitcoin BTC $115 760 24h volatility: 0.5% Market cap: $2.30 T Vol. 24h: $43.60 B ETFs has been a significant factor in the market’s expansion. U.S.-listed Bitcoin ETFs now hold over $120 billion in assets under management (AUM), making up a large portion of the roughly $180 billion held globally. The strong demand is reflected in a recent resumption of inflows, although the products are not without their detractors, with author Robert Kiyosaki calling ETFs “for losers.” The market for tokenized real-world assets also saw notable growth. While funds holding tokenized U.S. treasuries expanded their AUM from approximately $2 billion to more than $7 billion, the trend is expanding into other asset classes.…
Share
BitcoinEthereumNews2025/09/18 02:07
The Critical Path To A Potential $10k Milestone
The post The Critical Path To A Potential $10k Milestone appeared on BitcoinEthereumNews.com. Ethereum Price Prediction 2026-2030: The Critical Path To A Potential
Share
BitcoinEthereumNews2026/02/27 14:40