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