Meta stock climbed after Bloomberg reported that the company was looking to make cuts to the metaverse unit. The budget cuts could be as high as 30% for the unit and would likely include layoffs, the ...

Meta is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported on Thursday, citing people familiar with the discussions. The Facebook parent’s shares rose 4% ...

Shares of Meta Platforms rose up to 4% Thursday following reports the company was scaling back its spending on the metaverse project, a virtual reality experience the company once touted as the future ...

Meta (META) is reportedly set to make cuts to its metaverse efforts as the company continues to push deeper into the AI space. CEO Mark Zuckerberg is looking to reduce the budget for the metaverse ...

Meta may be planning to make serious cuts to its Metaverse division, Bloomberg reported, citing anonymous sources. Company executives are mulling slashing the virtual reality platform’s budget by up ...

Facebook changed its name in 2021 to reflect the company’s newfound dedication to the interconnected virtual world concept known as the metaverse. Now, Meta is dialing back its intentions of being “a ...

Meta Platforms stock rose after Bloomberg reported that Chief Executive Mark Zuckerberg is exploring cutting up to 30% of the budget for the metaverse group. Shares were up 4.2% to $666.27 in Thursday ...

Meta is planning to slash the budget of the metaverse team, but still remains focused on hardware like AI glasses. Mark Zuckerberg’s dream of the metaverse has rarely looked farther away. The Facebook ...

Meta Platforms Inc. moved its top metaverse executive to oversee AI products following hundreds of job cuts last week, a sign the company is still working to structure its teams even as it spends ...

(Bloomberg/Ryan Vlastelica) — The huge checks Meta Platforms Inc. is writing to support its artificial intelligence ambitions are reminding some investors of the massive metaverse outlays that ...

The “Metaverse” isn’t what it used to be. Meta Platforms is expected to cut resources from the virtual reality initiative Mark Zuckerberg once framed as the future of the company and his reason for ...

Mark Zuckerberg’s dream of the metaverse has rarely looked farther away. The Facebook founder is finalizing significant budget cuts to Meta’s years-long project to create virtual worlds that users can ...