(Bloomberg) -- Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the ...
Meta plans to cut its metaverse budget by roughly 30% to prioritize AI spending. Reality Labs has spent tens of billions over recent years. Meta shares recently fell more than 25% from peak levels.
Meta Platforms Inc.'s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for ...
Mark Mahaney, Evercore ISI head of internet research, joins 'The Exchange' to discuss Meta's pivot away from the Metaverse, if the investment overhand will remain over Meta. Got a confidential news ...
Following reported plans to slash 30% of spending in its metaverse and wearables division, Meta has announced another round of Reality Labs job cuts, showcasing its increased investment in artificial ...
Meta is reportedly cooling on the metaverse with planned 30% cuts in its virtual reality research department, Reality Labs, which shareholders seemingly support. Social media giant Meta is reportedly ...
Dec 4 (Reuters) - Meta's Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, Bloomberg News reported on Thursday, citing people familiar with the ...
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