Meta abandons its Portal smart displays and smartwatch project

Meta will stop any and all development on its smart displays and fledgling smartwatch project, according to Reuters. The company's executives reportedly told employees — those left after mass layoffs that saw 11,000 people lose their jobs — in a townhall meeting that it would end work on Portal. Meta used to sell Portal to consumers, and the device did enjoy an uptick in sales during the height of the pandemic when people had to stay and work from home. However, the company changed strategies in June and decided to sell them to businesses instead.