Skip to content
Stock Focus Report

Stock Focus Report

Primary Menu
  • Home
  • Business
  • Economy
  • Domestic
  • Money
  • Politics
  • Top News
  • Newsletters
  • Home
  • 2024
  • May
  • 14
  • Meta to shut Workplace app to focus on AI, metaverse
  • Business

Meta to shut Workplace app to focus on AI, metaverse

Stock Focus Report May 14, 2024

(Reuters) – Meta Platforms will discontinue its work-focused Workplace app as the company shifts its focus on building artificial intelligence and metaverse technologies, the Facebook parent said on Tuesday.

Workplace will be shuttered starting June 2026 for customers but Meta will continue to use it as its internal messaging board, the company said, adding users can continue to access the product until August 2025.

“We are discontinuing Workplace (to) focus on building AI and metaverse technologies that we believe will fundamentally reshape the way we work. Over the next two years, we will provide our Workplace customers the option to transition to Zoom’s Workvivo product, Meta’s only preferred migration partner,” a Meta spokesperson said.

The enterprise communications app, Workplace, was first introduced for businesses in 2016 with new features including multi-company groups and shared spaces that allowed employees from different organizations to work together.

The move comes as the social media giant has been investing heavily in AI products and metaverse – a shared virtual environment that it bets will be the successor to the mobile internet – stoking concerns of surging costs that could hit growth.

The company said the billing and payment arrangements will remain the same for Workplace customers until August this year.

Workplace currently offers a monthly core plan of $4 per user, which can be upgraded with add-ons starting from $2 per user each month. Unless an organization has a fixed plan, its monthly bill is calculated by the number of billable users.

(Reporting by Jaspreet Singh in Bengaluru; Editing by Shailesh Kuber)

Continue Reading

Previous: Explainer-Why are meme stocks rallying again?
Next: Boeing Starliner’s crew debut delayed again over spacecraft issue

Related Stories

2025-05-28T145019Z_1_LYNXNPEL4R0T2_RTROPTP_4_UBS-GROUP-FOREX
  • Business

Cantor Fitzgerald to acquire UBS hedge fund unit, expanding alternative assets

Stock Focus Report May 28, 2025
2025-05-27T162116Z_1_LYNXNPEL4Q0TG_RTROPTP_4_CANADA-RETAIL-HUDSONS-BAY
  • Business

Canada’s Hudson’s Bay retail chain to terminate more than 8,300 workers by Sunday

Stock Focus Report May 27, 2025
2025-05-27T161542Z_2_LYNXNPEL4Q0SO_RTROPTP_4_SNOWFLAKE-IPO
  • Business

Olympics-LA28 brings on Snowflake as data collaboration provider

Stock Focus Report May 27, 2025

Recent Posts

  • Musk criticizes Trump tax bill: can’t be both big and beautiful
  • Cantor Fitzgerald to acquire UBS hedge fund unit, expanding alternative assets
  • US to issue visa bans for foreign nationals who ‘censor’ Americans, Rubio says
  • Musk criticizes Trump tax bill: can’t be both big and beautiful
  • US senator calls for AI competition in Pentagon contracting

Categories

  • Business
  • Domestic
  • Economy
  • Money
  • Newsletters
  • Politics
  • Top News
  • Uncategorized

You may have missed

  • Newsletters

Musk criticizes Trump tax bill: can’t be both big and beautiful

Stock Focus Report May 28, 2025
2025-05-28T145019Z_1_LYNXNPEL4R0T2_RTROPTP_4_UBS-GROUP-FOREX
  • Business

Cantor Fitzgerald to acquire UBS hedge fund unit, expanding alternative assets

Stock Focus Report May 28, 2025
2025-05-28T154023Z_2_LYNXNPEL4R0VL_RTROPTP_4_USA-DIPLOMACY-RUBIO

US to issue visa bans for foreign nationals who ‘censor’ Americans, Rubio says

Stock Focus Report May 28, 2025
2025-05-28T143911Z_1_LYNXNPEL4R0SP_RTROPTP_4_USA-CONGRESS-TAX-MUSK

Musk criticizes Trump tax bill: can’t be both big and beautiful

Stock Focus Report May 28, 2025
  • Home
  • Privacy Policy
  • Terms of Service/Use Agreement
  • Disclaimer
  • Contact Us
Copyright © All rights reserved. | MoreNews by AF themes.