Meta is laying off several hundred employees across key divisions — including Facebook and its Reality Labs unit — as it overhauls the company for the artificial intelligence era.The layoffs also come as Meta pulls back from its costly metaverse push after pouring tens of billions into virtual reality with limited payoff. The company has shifted resources away from immersive worlds and toward artificial intelligence and wearable tech, betting those areas offer faster growth and clearer returns as demand for ...

NETGEAR, Inc. (NTGR) shares ended the last trading session 10.9% higher at $24.46. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 9.5% gain over the past four weeks.An increase in share price can be attributed to continuous momentum in the Enterprise segment, especially ProAV switches. The company benefits from the rising demand for robust networking solutions owing to the growing number of internet-connected devi ...

Some Meta employees received a message on Tuesday night directing them to work remotely on Wednesday, two sources who received the email told Business Insider. Employees in Meta's wearables and ads divisions got the notes, said the two sources. The short HR email said leadership would share more information.Meta's wearables unit, which includes AI glasses and its augmented reality business, is one of the company's "several key investment areas" for 2026, per its latest earnings report. A spokesperson for M ...

Andrew Bosworth, Meta's chief technology officer, will oversee the company's 'AI For Work' initiatives as focus shifts away from the metaverse. ...

Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. While the performance was in line with the expectations for the full year. The firm believes that the Strategy underperformed in 2025 because it did not own Palantir Technologies Inc (PLTR). The Strategy focuses on achieving so ...

Core Viewpoint - Meta Platforms is discontinuing its virtual reality platform Horizon Worlds, indicating a shift away from its unsuccessful metaverse strategy [1][2]. Group 1: Financial Impact - Horizon Worlds was a significant part of Meta's metaverse strategy, but it failed to gain traction, leading to nearly $80 billion in losses for the Reality Lab division since 2020, including over $6 billion in the last quarter [2]. - The discontinuation of Horizon Worlds is expected to reduce losses from the division, which would enhance Meta's overall profitability [3]. Group 2: AI Development - Meta has invested heavily in AI infrastructure and talent, but its new Avocado AI model has faced delays due to underperformance compared to competitors [4]. - There is a suggestion that Meta could benefit from outsourcing its AI development to companies like Alphabet, which could reduce capital expenditures and improve free cash flow [7]. - The company has effectively utilized AI in its core business, enhancing user engagement and providing tools for advertisers [6]. Group 3: Long-term Outlook - By pivoting away from the metaverse, Meta is expected to improve its stock performance in the long run, as it can focus on its strengths in monetizing its user base [8].

Next meta project? ...

Meta Platforms Ditches MetaverseJob cuts for the metaverse division may have been only for that division as the company is now making major changes to Horizon Worlds, a social VR platform.Meta announced the changes in a recent blog post. According to Quartz, Facebook’s parent company is killing off the metaverse after losing $80 billion.Meta will remove Horizon Worlds from Quest headsets by June 15, with the app gone by end of March. The game will become a mobile app after the changes and see less focus on ...

Core Viewpoint - Meta Platforms is officially shutting down its VR metaverse, Horizon Worlds, and is pivoting towards artificial intelligence (AI) infrastructure and products, particularly AI glasses, which saw a significant sales increase in 2025 [1][2] Group 1: Financial Performance and Strategy - Meta Platforms reported a loss of $19.2 billion for Reality Labs in 2025, with Q4 revenue of only $955 million, prompting a shift in focus towards AI [1] - The company plans to increase capital expenditures to $115-$135 billion in 2026, up from $69.7 billion in 2025, indicating a major reallocation of resources towards AI [1] - The advertising business generated $200.97 billion in revenue for the full year 2025, with ad impressions increasing by 18% year-over-year in Q4 [1] Group 2: AI Infrastructure and Partnerships - Meta signed a $27 billion five-year revenue deal with Nebius to deploy NVIDIA GPUs starting in 2027, and a $6 billion multiyear partnership with Corning for optical fiber solutions [1] - The company aims to build its own AI compute stack rather than relying on external resources, reflecting a long-term commitment to AI infrastructure [1] Group 3: Product Development and Market Position - Meta's AI glasses sales tripled in 2025, and the company is opening a flagship retail store in New York City to showcase these products [1] - The AI initiative has already reached nearly 1 billion monthly active users as of Q1 2025, providing a competitive advantage in the AI market [1] Group 4: Analyst Sentiment - The analyst community is largely bullish on Meta, with a consensus price target of $862.25 and only a few Hold ratings among 62 analysts, indicating strong confidence in the company's future [1]

🪦RIP: METAVERSE LAND VALUE PLUMMETS WITH ONE $2.4M LAND PLOT NOW ONLY WORTH $9KThe land collapse sits inside a broader NFT reset. The first quarter of 2022 was the strongest in NFT history at $12.46 billion in trading volume. By June 2022, monthly trading had fallen below $1 billion for the first time in a year. Today, most values have fallen at least 95% from their ATHAmong the land values that have notably lost the most, Decentraland Fashion District estate which sold originally for $2.4 million of 116 pl ...