Meta Platforms Inc Class A (META)
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.
Meta Platforms considers major cuts to Metaverse initiatives
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) shares added more than 4% on reports CEO Mark Zuckerberg is considering scaling back the company's Metaverse investments. According to a Bloomberg News report, Meta executives have discussed potential budget cuts of up to 30% for the metaverse group in 2026, which includes Meta Horizon Worlds and the Quest virtual reality unit.
5 Things to Know Before the Stock Market Opens
Stock futures are holding steady Thursday as investors await more economic data that could influence the Federal Reserve's decision on interest rates next week; Meta is facing a new antitrust investigation over its artificial intelligence policies in WhatsApp; Salesforce earnings topped estimates after the bell Wednesday; Paramount Skydance and Netflix are reportedly continuing to modify their bids for Warner Bros. Discovery; and Dollar General is the latest discount retailer to report strong earnings this week.
Meta stock climbs 6% on report of planned metaverse cuts
Meta stock climbs 6% on report of planned metaverse cuts
EU investigating Meta over policy change that bans rival AI chatbots from WhatsApp
Meta's move to serve only its AI chatbot, Meta AI, to WhatsApp users isn't sitting well with the competition regulators in Europe. The European Commission on Thursday said it is launching an antitrust investigation into Meta's move to ban other AI companies from using WhatsApp's business tools to offer their own AI chatbots to users on the app.
Meta Platforms (NASDAQ: META) Stock Price Prediction for 2025: Where Will It Be in 1 Year (Dec 4)
This year, one of the better performers among the Magnificent 7 had been Meta Platforms Inc.
Meta Hit With WhatsApp AI Antitrust Probe. What It Means for the Stock.
The European Union said it was looking into a policy that prohibits AI providers from using a WhatsApp tool allowing businesses to communicate with their customers.
Meta's WhatsApp AI Features Targeted in EU Antitrust Probe
European antitrust regulators have launched an investigation into Meta's artificial intelligence (AI) enhancement to WhatsApp. The European Commission announced Thursday (Dec. 4) that it had launched a probe into whether the tech giant's new policy on AI providers' access to WhatApp violates European Union competition rules.
Meta's accused of violating European antitrust rules. What the dispute is all about.
The European Commission on Thursday accused Meta Platforms of violating antitrust rules, in the latest salvo by European regulators against American technology firms.
