META stock

Meta’s Stock Surges After Report Reveals Massive Cuts to Its Metaverse Dreams

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Meta

Meta shares shot higher on Thursday after a new report suggested CEO Mark Zuckerberg is preparing to slash spending on the company’s once-hyped metaverse division — a sign that Meta is doubling down even harder on the AI race. According to Bloomberg, Zuckerberg is considering cutting the metaverse budget by as much as 30%, a … Read more

Meta Platforms (META): -0.89% — concerns over ad revenue

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Meta Platforms

As soon as the name of Meta Platforms comes to mind, Facebook, Instagram, and WhatsApp come first. These are the apps with which billions of people stay connected every day and from which the company earns the most. This income comes from advertisements. But the recent turmoil seen in the market has made investors a … Read more