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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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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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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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