Meta shares climb on report of possible 30% metaverse budget cut

Meta is reportedly cooling on the metaverse with planned 30% cuts in its virtual reality research department, Reality Labs, which shareholders seemingly support.

https://cointelegraph.com/news/meta-shares-climb-30-percent-metaverse-budget-cut-bloomberg?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound