Meta shares climb on report of possible 30% metaverse budget cut
Meta’s 30% budget cut for the metaverse signals a shift in strategy, impacting investor sentiment and market dynamics.
budget cuts
Meta stock jumped more than 5% after plans surfaced to cut the metaverse budget by up to 30%
Meta’s stock rises 5.7% as Zuckerberg plans to cut metaverse funding, signaling a shift towards fiscal responsibility and profitability.