In 2021, Mark Zuckerberg recast Facebook as Meta and declared the metaverse — a digital realm where people would work, socialize, and spend much of their lives — the company’s next great frontier. He ...
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Why Zuckerberg is finally ditching the $70B metaverse
Mark Zuckerberg spent years insisting the metaverse was the next chapter of the internet, but the bill for that bet has ...
There was a very interesting article in the Irish Times a couple of weeks ago concerning Mark Zuckerberg’s retreat from the metaverse after spending $70 billion over four years trying to turn his ...
Meta cuts metaverse budget by 30% after losing over $70B since 2021. With AI spending set to surge in 2026, should investors ...
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 ...
Mark Zuckerberg spent years trying to make the Metaverse happen, but now it has been replaced by AI and is headed to the tech industry idea graveyard.
Meta's plan to cut back on metaverse spending is a sign that projects not helping tech companies' AI goals are falling out of ...
A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Shares of the company formerly known as Facebook shot up 7% early Thursday in ...
Ian says the gap between Meta’s vision of its Metaverse and real life never closed. Now that gap is now forcing Meta to make ...
Meta Platforms is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported Thursday, citing people familiar with the discussion. The Facebook parent’s shares ...
In a significant shift in strategy, Meta is poised to cut up to 30% of its budget for the metaverse initiative, according to a report from Bloomberg News. This decision, stemming from internal ...
(Bloomberg) --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 ...
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