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Meta's Zuckerberg Plans Deep Cuts

Meta’s Zuckerberg plans deep cuts for metaverse efforts

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 for changing its name from Facebook Inc.

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Meta CEO Mark Zuckerberg went all in on the metaverse. Now Reality Labs is facing big cuts.

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Meta stock surges 5% after Mark Zuckerberg unveils plans for metaverse - here's the breakdown

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Meta prepares sweeping cuts to metaverse spending as Zuckerberg pivots sharply to AI

Meta is planning deep reductions to its metaverse budget next year, a move that signals the clearest shift yet in Mark Zuckerberg’s long-term strategy, the Financial Times reported.

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Zuckerberg prepares to abandon Metaverse dream

The Financial Express · 1d

Why did Meta stock jump 5% today? CEO Zuckerberg’s new plans excites market

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Mark Zuckerberg Retreats From the ‘Metaverse’

Executives are considering potential budget cuts as high as 30% for the company’s metaverse group next year, which includes the virtual worlds product Meta Horizon Worlds and its Quest virtual reality...

Deccan Chronicle · 1d

Meta Plans To Cut Up To 30% Of Metaverse Budget; Layoffs Loom

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Meta Plans Big Cuts to Its Metaverse Efforts

1don MSN

Meta’s stock pop could be just the start as Zuckerberg takes aim at ‘black hole’ of spending

Reports that Meta plans to slash its metaverse budget by as much as 30% have eased investor concerns around AI spending and ignited a rally

Meta Cuts Jobs, Mark Zuckerberg Gets Richer: Wall Street Applauds Move

Shares of Meta Platforms Inc (NASDAQ: META) climbed higher Thursday after the company announced job cuts. With shares trading higher, Meta CEO and co-founder Mark Zuckerberg also saw his wealth soar, potentially at the expense of some of his company's employees.

2don MSN

OpenAI's chief researcher says Mark Zuckerberg 'hand-delivered soup' to an employee in a recruiting effort

OpenAI's research chief, Mark Chen, told author Ashlee Vance that the company is "always under attack" by rivals trying to poach its talent.

9hon MSN

Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he’s moving on

Zuckerberg once framed Metaverse as the “successor to the mobile internet."