Meta's Metaverse Cuts: A Reevaluation of Long-Term Strategy
Update: 2025-12-05
Description
Meta, the former Facebook, may cut up to 30% of its metaverse divisions budget, according to Bloomberg News. This news comes as Metas shares surged 6% in premarket trading following the report. Despite not confirming the cuts, Meta has been investing heavily in the metaverse and AI products, spending over $60 billion on its augmented reality unit since 2020. These potential cuts indicate a reevaluation of Metas long-term strategy and spending on its most ambitious projects.
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