Meta said it's shifting focus for Horizons Worlds to be "almost exclusively mobile" and that it will separate its Quest VR platform from the virtual world.

Commentary: Meta's pushing its metaverse platform almost entirely to phones. It's the latest sign of a massive shift in the company's focus.

Privacy and encryption are central themes in legal proceedings involving child safety against Meta and Apple this week.

It launched Horizon Worlds, a VR metaverse that people could explore and create worlds in. It looked bad and wasn’t great, but it was supposedly the future. Five years later, Meta’s metaverse is ditching VR and spinning Worlds into a Roblox clone after burning $70+ billion on virtual and augmented reality.

The move comes a few months after Meta shut down Messenger’s stand-alone desktop apps for Windows and Mac.

Meta's Horizon Worlds pivots to mobile focus, scaling back VR efforts. This strategic shift positions it against platforms like Roblox and Fortnite.

The Meta CEO defended his company's efforts to keep kids under 13 off of Instagram, but noted that there are "people who lie" about their ages.

The billionaire tech mogul's testimony was part of a landmark social media addiction trial in Los Angeles. The jury's verdict in the case could shape how some 1,600 other pending cases from families and school districts are resolved.

Meta reduced its annual distribution of stock options by about 5% for most of its staff, as CEO Mark Zuckerberg ploughs billions of dollars into its artificial intelligence goals, the Financial Times reported on Thursday.

Netflix has fallen harder, but Meta's latest outlook sets a much higher near-term growth bar.