Metaverse
Meta cuts to metaverse ‘black hole’ could free up billions for AI and lift shares by 20%: analysts
The lack of user traction, combined with years of mounting spend, has fueled concerns that the division, Mizuho analysts said.
Metaverse
Metaverse
Meta plans to slash Metaverse budget by up to 30%
Meta is planning to slash the budget for its Metaverse division according to a Bloomberg report. Company executives say the virtual reality platform’s budget will be reduced by up to 30%, and these reductions may […]
Metaverse
Stocks rise, Meta gets real on metaverse, and Salesforce bounces
Stocks eked out gains Friday and closed the week higher after the Federal Reserve’s favorite inflation gauge added to the case for an interest rate cut next week. For the week, the S & P […]
Metaverse
Metaverse in big trouble? Meta, Facebook’s parent company, plans big cuts as Zuckerberg’s vision faces potential failure; here’s what you need to know
The Metaverse, Mark Zuckerberg’s vision that took shape in 2021, does not seem to be delivering as desired, as Meta, the parent company of Facebook, is planning to make meaningful cuts in resources for building […]
