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Meta's Zuckerberg plans deep cuts for metaverse

Digest more
 · 3d · on MSN
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, citing people familiar with the discussion. The Facebook parent’s shares rose 4% as the move eased some investor jitters over a bet that CEO Mark Zuckerberg has backed with billions of dollars,

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 · 3d · on MSN
Meta to cut up to 30% of metaverse budget, Bloomberg News reports
Honolulu Star-Advertiser · 3d
Meta to cut up to 30% of metaverse budget
3d

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 ...
3don MSN

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 ...
2d

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: ...
Reuters
5y

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, ...

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