Meta Platforms (META) has canceled plans for a premium mixed-reality headset that had been intended to compete with Apple’s (AAPL) Vision Pro, two Meta employees told The Information’s Sylvia Varnham O’Regan and Wayne Ma. Meta told employees at the company’s Reality Labs division to stop work on the device this week after a product review meeting attended by Meta CEO Mark Zuckerberg, Chief Technology Officer Andrew Bosworth and other Meta executives, according to the sources.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Google suggesting advertisers target teens on YouTube, AdWeek reports
- Meta’s Llama struggles to gain traction on AWS, The Information reports
- StockTok: Meta revises limits on ad data to assuage CMA scrutiny
- Magnificent Seven Stocks Have Added $1.4T in Value Since August 5
- Meta’s changes to ad data use rules accepted by U.K.’s CMA
