Meta is shifting some of its investments in the metaverse to AI glasses and wearables, hoping to capitalise on the "momentum" in that segment, a company spokesperson has said.

Apple Inc. hired Meta Platforms Inc. Chief Legal Officer Jennifer Newstead as its general counsel, part of a wave of executive changes at the iPhone maker.

Meta wants to make its AI hardware slicker and more fashion-forward. It also needs to make its software more usable. The way to do all that appears to be hiring design maestros away from Apple.

Meta acknowledged that its "support hasn’t always met expectations" but that a series of AI-powered updates should make it easier for people to get help.

Jennifer Newstead led Meta's legal team through major regulatory battles, including an FTC antitrust win.

Gene Munster, Deepwater Asset, joins 'Fast Money' to talk Meta's reported plans to make cuts in its Metaverse division.

Reports that Meta plans to slash its metaverse budget by as much as 30% have eased investor concerns around AI spending and ignited a rally

Advertising data shows Meta is making its pitch in D.C. and media markets around nine state capitals — a sign that policymakers, not rural Americans, might be the target audience. Meta is also running ads in major metros like Dallas-Fort Worth and Jacksonville, Florida. (Meta didn’t respond to questions about its ad placement strategy.)