Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January
Meta Platforms Inc.'s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse …
Bloomberg Kurt Wagner
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Discussion
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Newsmax
Newsmax
on x
Meta Cutting Up to 30% of Metaverse
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@sadlyitsbradley
Brad Lynch
on x
“Executives have discussed potential budget cuts as high as 30% for the metaverse group next year, which includes the virtual worlds product Meta Horizon Worlds and its Quest virtual reality unit” I guess the Metaverse is turning out to be a legendary misadventure...
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@mgsiegler
M.G. Siegler
on x
Drop the ‘Meta’. It's cleaner.
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@ranimolla
Rani Molla
on x
At least they didn't name the company after it https://www.bloomberg.com/...
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@thestalwart
Joe Weisenthal
on x
$META is surging 7% on this news https://www.bloomberg.com/... [image]
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@modestproposal1
@modestproposal1
on x
“Zuckerberg has asked Meta executives to look for 10% cuts across the board, standard request during budget cycles the past few years. The metaverse group was asked to cut deeper given Meta has not seen the level of industry-wide competition over the technology it once expected” …
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@seanokane
Sean O'Kane
on bluesky
kicking the legs out, some might say [embedded post]
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@ericmbudd.com
Eric Budd
on bluesky
did the Metaverse ever make one dollar in revenue or was it just a giant hole in the internet in which they poured money [embedded post]
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@carlquintanilla
Carl Quintanilla
on bluesky
“.. potential budget cuts as high as 30% for the metaverse group next year, which includes the virtual worlds product Meta Horizon Worlds and its Quest virtual reality unit, according to people familiar with the discussion ..” — Shares up 7% — @bloomberg.com $META — www.blo…
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@bradmossesq
Bradley P. Moss
on bluesky
Destroy it with fire [embedded post]
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@michaelsderby
Michael Derby
on bluesky
They renamed the company pursuing this dead end. Something to think about when it comes to AI. [embedded post]
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r/Futurology
r
on reddit
Meta's Zuckerberg Plans Deep Cuts for Metaverse Efforts
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r/StockMarket
r
on reddit
Meta rises 6% pre-market after plans to cut metaverse budget by up to 30% next year