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 shifts some metaverse investments to AI smart glasses

The strategic shift to the Metaverse was the reason why Facebook changed its name to Meta in 2011. Now, the company is ...

Investors just handed Meta a $69 billion reward for scaling back metaverse spending

Meta bet big on the metaverse a few years ago, but it hasn't paid off. Investors on Thursday cheered a report it could slash ...

Meta scales back metaverse spending following reports of cutting budget by up to 30%

Meta pivots from costly metaverse projects to AI-powered glasses. Company redirects Reality Labs resources following reports ...

Meta's Metaverse May Be Shrinking. Investors Are Happy and the Stock Is Surging.

Shares of Meta Platforms surged Thursday following a report that the company is looking to significantly cut spending on its ...

Meta's metaverse reversal nods to tech's new mantra: AI or the highway

Meta's plan to cut back on metaverse spending is a sign that projects not helping tech companies' AI goals are falling out of ...
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Meta plans to slash Metaverse budget by up to 30%

Company executives say the virtual reality platform’s budget will be reduced by up to 30%, and these reductions may also ...

Meta could ax up to one-third of its ‘metaverse’ budget next year

Meta may slash its budget for metaverse projects by up to 30 percent next year, according to a report from Bloomberg. Sources ...

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

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