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Only 20% of resources are being devoted to creating hardware and software for the metaverse.
The social networking services that make up Meta's family, including Facebook, Instagram, and WhatsApp, continue to receive about 80% of its attention.
Irish data privacy regulator fined Facebook EUR 265 million.
The Irish data protection authorities also required Facebook to take a number of corrective actions to stop data scraping.
One of the largest US job cuts in 2022 will see Meta lay off more than 11,000 workers.
The first significant round of layoffs in the history of Meta Platforms, according to CEO Mark Zuckerberg, would cause elimination of more than 11,000 jobs
After a brief downtime, Meta's social media apps are back up.
More than 11,000 users of Instagram, Facebook, and Messenger reported issues with accessing the applications, sending messages, and signing into their accounts
Judge demands that Meta pay $10.5 million in legal fees to Washington
The $25 million fine against the social media juggernaut for persistently breaking the regulations.
Issue preventing users from accessing Facebook's social networking platforms has been resolved.
A spokeswoman for Meta said, "Earlier today, a configuration change resulted in some users having issues accessing our products."
In a U.S. lawsuit challenging Facebook's virtual reality agreement, Mark Zuckerberg will testify.
CEO of Meta Platforms Inc. Mark Zuckerberg will testify in a case by the Federal Trade Commission (FTC).
In a U.S. litigation involving Facebook's virtual reality agreement, Zuckerberg will testify.
These witnesses included Zuckerberg, Within CEO Chris Milk, and Meta Chief Technology Officer Andrew Bosworth.
Metaverse Could Lead To New Types Of Cybercrime, Warns Interpol
The safety of children is a worry in the augmented reality spaces..
Reels support is one of the new features added to Facebook Groups.
Facebook groups will now be slightly simpler to manage and more interesting than before.
Meta's Transition to the Metaverse Reduces Profit
Later this year, Metaverse social media network Horizon Worlds will be made available online, along with a new mixed reality gadget.
The AI that Meta promotes can translate spoken-only languages
Facebook's CEO Mark Zuckerberg stated that the company was focusing on a shift to online living taking place in virtual worlds when the company changed its name