(NEXSTAR) – Iceland’s folklore often speaks of elves, but the country produces some world-class trolls, too. A new tourism campaign from Visit Iceland is satirizing Mark Zuckerberg’s metaverse ...

Meta Platforms (Nasdaq: META) is cutting spending on the underperforming Metaverse and redirecting resources toward AI initiatives. The stock popped on the news as Wall Street has grown concerned the ...

Shares of Meta Platforms rose up to 4% Thursday following reports the company was scaling back its spending on the metaverse project, a virtual reality experience the company once touted as the future ...

At the heart of the metaverse derangement was the persistent inflation of its definition. McKinsey & Company proclaimed in June 2022 that the metaverse could generate “up to $5 trillion in impact by ...

A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Shares of the company formerly known as Facebook shot up 7% early Thursday in ...

Even with all the excitement around AI and VR in 2022, it wasn’t all smooth sailing. There were some pretty big roadblocks ...

As the Metaverse evolves beyond its early hype cycle, its real potential is becoming easier to see. Instead of standing alone, it’s increasingly tied to bigger shifts across tech, including advances ...

In its most recent earnings release, Meta Platforms (META) revealed that it spent $17.1B in Q4 on research and development, ...

Meta Platforms (Nasdaq: META) CEO Mark Zuckerberg isn’t afraid to make ‘risky’ bets. In 2021, he changed the name of the… 24/7 Wall St. : Donald Trump has floated the idea of a U.S. sovereign wealth ...