Company insiders told Bloomberg last week that Mark Zuckerberg is planning to slash its metaverse budget by 30% next year in ...

Meta Platforms appears to be scaling back one of the boldest and costliest ambitions in the tech sector with reports ...

Mark Zuckerberg's private concession that the metaverse 'isn't working' follows more than $70bn in losses and triggers a ...

Meta is scaling back its metaverse spending and redirecting resources toward AI-powered glasses and wearable devices.

Bloomberg reported Thursday that Meta is planning “meaningful” budget cuts, perhaps as high as 30%, to the metaverse project ...

Sources told Bloomberg that Meta could slash the metaverse unit’s budget by up to 30% next year. According to the Times, the ...

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an ...

Meta Platforms (META) rises after reports of potential 30% budget cuts to Metaverse division. Learn how this shift could ...

The Facebook parent’s shares rose 4% as the move eased some investor jitters over a bet that CEO Mark Zuckerberg has backed ...

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