Citing people familiar with the discussions, Bloomberg reported on Dec. 4 that the budget cut can be up to 30%. Executives at the tech giant are reviewing plans that could reduce Reality Labs’ 2026 ...
The proposed changes are part of Meta’s annual budget planning for 2026, and the company plans to shift spending from the ...
It’s not hard to see why Wall Street is so thrilled. After four years and billions of dollars wasted, the metaverse — a feature that Zuck believed in so deeply that he renamed the company after it — ...