According to sources, Microsoft has been readying its legal defenses against a potential lawsuit in response to the titanic deal.
The VR industry has experienced steady growth since the onset of the COVID-19 pandemic.
According to analyst Lewis Ward, operating losses at Reality Labs and a potential recession are behind the decision.
The Forum doesn't create standards, but it does encourage common practices and shares research and resources to advance metaverse technology.
The agency alleged that the two companies "hold all the cards" in regard to how people use their phones.
Current and former employees are frustrated with the company's "golden boy" executives, and also with CEO Satya Nadella for allegedly enabling them.