The Latest Breaking News from Oculus

With Meta laying off a large portion of its VR department in favor of smart glasses, Oculus founder Palmer Luckey believes "this isn't a disaster," but upcoming Quest headsets aren't looking bright.

Meta's layoffs affected 1,500 jobs last week – and Luckey thinks it's a move for the greater good.

Palmer Luckey is making another big bet: this time, not in virtual reality or military defense, but digital finance. The Anduril CEO and Oculus founder has launched Erebor, a digital bank that already holds a valuation of $2 billion as it raises at least $225 million in funding, Business Insider…

It's looking to fortify its coffers with stablecoins.

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg once shared his bold vision, indicating that virtual and augmented reality would one day replace mobile phones as the dominant computing platform. Now, nearly a decade later, how close is Meta to achieving that future?

This week, Motorola's Razr 2025 series dropped, Alphabet's Q1 earnings soar, Meta layoffs impact VR teams, Samsung's summer Unpacked could take place in New York, and Android 16's Beta 4 comes out.

Meta lays off employees in its VR gaming wing, Reality Labs, as part of its restructuring efforts.

James Cameron is partnered with Meta on VR films, and he's already tested future Quest prototypes that he thinks are "f***ing cool."

Windows Mixed Reality didn't make it to its 10th anniversary, but it made a significant splash in the VR world during its limited run.