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.
metaverse
Meta weighs deep reductions to metaverse unit while sector’s crypto tokens collapse: report
Meta’s cuts signal a shift in the metaverse narrative as crypto assets collapse, reshaping investment strategies in the sector.