Meta Platforms, Inc. Class A Common Stock (META)
Meta share price jumps as Zuckerberg reportedly shifts spending from metaverse to AI
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) shares rose 3.4% on Thursday after-hours, adding about $57 billion to its market value, after reports suggested Mark Zuckerberg is preparing to dial back spending on the metaverse and shift more resources toward artificial intelligence and smart glasses. According to an exclusive from Bloomberg, the Facebook owenr is planning to cut the budget for Reality Labs, the division behind its virtual-reality headsets and metaverse projects.
Meta Plans to Shift Spending Away From the Metaverse
Zuckerberg's bet on immersive online worlds has lost the company more than $77 billion since 2020.
Meta Plans Big Cuts to Its Metaverse Efforts
Meta is expected to meaningfully cut resources for building the so-called metaverse, an effort CEO Mark Zuckerberg once framed as the future of the company. Bloomberg's Kurt Wagner discusses the news and the reason behind it with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.
Meta's Metaverse Rollback: Why Investors Are Buying The Pivot
Meta Platforms, Inc. is rated a Buy, with shares viewed as undervalued and offering solid value into 2026. META's strategic pivot away from the metaverse toward AI, while maintaining balance sheet strength, is seen as a positive catalyst. Despite aggressive AI capex and expense growth, META maintains strong free cash flow and profitability, justifying a higher P/E multiple.
EU hits Meta with antitrust probe over WhatsApp AI features
The EU said Thursday it had opened an antitrust probe to determine if the way Meta is rolling out AI features in WhatsApp breaches the bloc's competition rules.
Meta's Metaverse May Be Shrinking. Investors Are Happy and the Stock Is Surging.
Shares of Meta Platforms (META) surged Thursday following a report that the company is looking to significantly cut spending on its "metaverse" projects next year.
Meta's stock could be just getting started as Zuckerberg takes aim at ‘black hole' of spending
Meta Platforms could be set to scale back its artificial-intelligence ambitions, much to the relief of anxious investors.
Meta centralizes Facebook and Instagram support, tests AI support assistant
Meta is launching a new centralized support hub for Facebook and Instagram users, the company announced on Thursday, adding that its prior support options haven't “always met expectations.” Within the hub, users will find tools to report an account issue, recover an account they've lost access to, and get answers via AI-powered search and an AI assistant.
Meta shares climb on report Mark Zuckerberg plans to ax up to 30% of metaverse budget
Cuts that high would most likely include layoffs as early as January, according to the report.
4 Years After Going All-In, Meta Platforms Is Finally Ditching the Metaverse
Meta Platforms ‘ ( NASDAQ:META ) journey into the metaverse began in 2014 with its $2 billion acquisition of Oculus VR, a move that positioned the company as a pioneer in virtual reality hardware.
Meta reportedly plans to slash Metaverse budget by up to 30%
Meta may be planning to make serious cuts to its Metaverse division, Bloomberg reported, citing anonymous sources.
Zuckerberg to Make Deep Cuts in Metaverse Group
Meta Platforms Inc.'s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason why he changed the name from Facebook.
