While Zuckerberg has regularly asked executives to trim their budgets in recent years, he is focusing on the metaverse group ...
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Meta (META) stock pops following metaverse cuts announcement – could it hit $1,000 in 2026?
Quick Read Meta Platforms (Nasdaq: META) is cutting spending on the underperforming Metaverse and redirecting resources ...
Meta cuts metaverse budget by 30% after losing over $70B since 2021. With AI spending set to surge in 2026, should investors ...
Horizon Worlds and Quest are facing layoffs as Meta retreats further from its $70 billion bet on virtual reality, people familiar with the matter told Bloomberg.
Shares of Meta Platforms surged Thursday following a report that the company is looking to significantly cut spending on its "metaverse" projects next year.
Meta, Facebook's parent company, is reportedly planning significant resource cuts for its metaverse division, potentially by 30% in 2026, including layoffs. This strategic shift aims to redirect ...
Investors remain cautious about the AI push, however. In October, Meta’s shares dropped more than 10 per cent — wiping more than $208bn from its valuation, its second-biggest one-day loss in value — ...
Meta Platforms appears to be scaling back one of the boldest and costliest ambitions in the tech sector with reports ...
Zuckerberg pivots as investors bored of the pricey dream Meta is quietly taking a chainsaw to the metaverse, the grand vision ...
Meta cuts 30% of its metaverse budget, shifting focus to AI, wearables, and profitable ventures like smart glasses, after $70B in losses.
Ian says the gap between Meta’s vision of its Metaverse and real life never closed. Now that gap is now forcing Meta to make ...
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