Exclusive: Instacart Cuts Staff, Curbs Hiring in Run-up to IPORead Now

An exhibitor using the Quest 2 headset at a conference in March. Photo by Bloomberg.

Meta Plots Ambitious VR Release Schedule of Four Headsets by 2024

Photo: An exhibitor using the Quest 2 headset at a conference in March. Photo by Bloomberg.

Meta Platforms is planning to release four virtual reality headsets between now and 2024, according to an internal road map viewed by The Information. The aggressive timeline reflects Meta CEO Mark Zuckerberg’s desire to advance his vision of the metaverse by getting more people to use VR devices. Whether he can meet the timeline, however, is far from certain.

Meta is planning to release Project Cambria, a high-end VR and mixed-reality headset it is billing as a device for the future of work, around September, according to a person familiar with the matter. Cambria was originally supposed to come out last year but its launch was delayed by supply chain and other pandemic-related issues, which could again push back the launch date, the person said. A second version of Cambria, code-named Funston, is slated to come out in 2024.

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Exclusive startups
Instacart Cuts Staff, Curbs Hiring in Run-up to IPO
Instacart CEO Fidji Simo. Photo by Bloomberg.
Instacart has been letting go of staff, slowing hiring and curbing other expenses as it heads toward a public listing, when the grocery-delivery company will try to convince public investors that it can maintain its growth—and make a profit—as the economy slows. The San Francisco startup over the last two months has fired some of its more than 3,000 workers after holding midyear...
Latest Briefs
 
Twitch’s Creators Chief Departs Amid Payout Cutbacks
Amazon Informs Employees It Miscalculated Raises
Google CEO Addresses Employee Questions about Cost-Cutting
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Data Point startups venture capital
Venture Firms’ $290 Billion ‘Dry Powder’ is About to Revive Startup Funding
Startup founders should expect a tidal wave of venture capital interest next year as a record level of dry powder pressures VC funds to step up their investment pace, according to a new analysis of these cash reserves.
Illustration by Matheus Costa.
apple crypto
How Apple’s App Store Policies Squeeze NFT Startups
Non-fungible tokens, like much of the crypto world, are in regulators’ and lawmakers’ crosshairs.
Exclusive amazon entertainment
Netflix’s New Ad Chief Has an Appetite for Danger
Before Netflix hired Jeremi Gorman as its new advertising chief to bring growth back to its struggling business, Gorman had compiled a colorful résumé of professional and personal accomplishments.
Art by Mike Sullivan
True Value google amazon
The Haziness in Microsoft’s Cloud Numbers
Here’s a quick question for enterprise software acolytes out there: which tech giant is bigger in cloud, Microsoft or Amazon?
Patrick Collison. Photo by Getty Images.
Exclusive startups venture capital
Stripe’s Early Stock Awards Could Spur IPO Plans
Stripe founders John and Patrick Collison have indicated the payments software pioneer, valued in its last fundraising at $95 billion, is in no rush to go public.
Art by Clark Miller
The Big Read crypto
‘What Am I Going to Do Now?’: Fired Crypto Workers Weigh Life After the Boom
On July 14, James Hu was sitting in his “fabulously expensive” apartment in Williamsburg, Brooklyn.