Meta Platforms stock jumps on metaverse spending cuts. Here's why the growth stock is a screaming buy before 2026

Wall Street is sending a clear signal to Meta Platforms that it wants the company to reduce spending on Reality Labs.
24/7 Wall St. on MSN

4 Years After Going All-In, Meta Platforms Is Finally Ditching the Metaverse

Meta Platforms‘ (NASDAQ:META) journey into the metaverse began in 2014 with its $2 billion acquisition of Oculus VR, a move ...

Meta to cut 30% of Metaverse budget as layoffs loom in 2026: Report

CEO Mark Zuckerberg has heavily bet on the augmented-reality unit, with the company changing its name to Meta from Facebook in 2021. The unit has burned more than $60 billion since 2020 ...
MediaPost

Meta Reportedly Plans Big Cuts To Metaverse Budget

According to a report from Bloomberg, Meta will cut spending by up to 30% on Meta Horizon Worlds and Quest virtual-reality development as part of the company's annual budget planning for the new year.

Meta plans to shift spending away from the metaverse

The proposed changes are part of Meta’s annual budget planning for 2026, and the company plans to shift spending from the ...

Meta Repositions For AI Growth As User Support Gets Overhaul

According to a Bloomberg report, Meta is considering reducing funding for its metaverse initiative by as much as 30 per cent ...