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Meta shares climb on report of possible 30% metaverse budget cut

Meta is reportedly cooling on the metaverse with planned 30% cuts in its virtual reality research department, Reality Labs, which shareholders seemingly support.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Meta shares climb on report of possible 30% metaverse budget cut

Meta is reportedly cooling on the metaverse with planned 30% cuts in its virtual reality research department, Reality Labs, which shareholders seemingly support.

Why this matters

This research story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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