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 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.

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

Dec 4 (Reuters) - Meta is expected to make up to 30% budget cuts for its metaverse initiative, Bloomberg News reported on Thursday, citing people familiar with the discussion. The Facebook parent's ...

Meta plans to shift spending away from the metaverse

Zuckerberg’s bet on immersive online worlds has lost the company more than $77 billion since 2020.
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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 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 ...