Zuckerberg prepares to abandon Metaverse dream

Meta shares surged by $100bn (£75bn) as investors cheered plans for Mark Zuckerberg to rein in spending at his struggling ...

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

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

Zuckerberg's metaverse dream is collapsing after billions in losses

Reality Labs encompasses several areas of Meta's VR/AR business, but Bloomberg writes that two of them will be hit hardest: ...

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 ...
Honolulu Star-Advertiser

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 ...

UPDATE 2-Meta to cut up to 30% of metaverse budget, Bloomberg News reports

The unit has burned more than $60 billion since 2020. The proposed metaverse cuts are part of the company's annual budget planning for 2026, which included a series of meetings at Zuckerberg's ...
Reuters

Facebook's Zuckerberg says Kenosha post did not violate 'call to arms' policy

Nov 17 (Reuters) - Facebook Inc (FB.O), opens new tab Chief Executive Mark Zuckerberg told U.S. senators on Tuesday that a page which posted a "call to arms" during protests in Kenosha, Wisconsin, in ...