Meta to cut up to 30% of metaverse budget, Bloomberg News reports

Meta is expected to make up to 30% budget cuts for its metaverse initiative, Bloomberg News reported on Thursday, citing ...

Meta shares climb on report of possible 30% metaverse budget cut

Social media giant Meta is reportedly planning to scale back its metaverse spending by up to 30% and redirect the funds into ...

Mark Zuckerberg's Meta weighs 30% budget cut to its flagship unit

Citing people familiar with the discussions, Bloomberg reported on Dec. 4 that the budget cut can be up to 30%. Executives at the tech giant are reviewing plans that could reduce Reality Labs’ 2026 ...

Meta shares climb on report Mark Zuckerberg plans to ax up to 30% of metaverse budget

The Facebook parent’s shares rose 4% as the move eased some investor jitters over a bet that CEO Mark Zuckerberg has backed ...

Meta Weighs Cuts to Its Metaverse Unit

Meta plans to direct its investments to focus on wearables like its augmented reality glasses but does not plan to abandon ...

Meta set to slash spending on metaverse as Zuckerberg shifts focus to AI

Investors remain cautious about the AI push, however. In October, Meta’s shares dropped more than 10 per cent, wiping more ...

Meta Prepares Deep Cuts for Metaverse Division After $70 Billion Loss

Meta is reportedly planning budget cuts on its Metaverse division in an AI total shift, slashing Reality Labs spending to ...
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Meta to cut up to 30% of metaverse budget

Meta is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported today, citing people ...