Meta eyes big cuts to its metaverse budget in the AI era

image via qz.com
image via qz.com

According to Bloomberg News, Meta is considering slashing its metaverse spending by as much as 30% in 2026 — although no plans are final yet — after meetings at Zuckerberg’s Hawaii compound laid out a slimmer future for its namesake ambitions. For three years, the company tried to brute-force another new reality into existence: new name, new stock ticker, new keynote vocabulary about “presence” and “embodied internet.”

https://qz.com/meta-metaverse-cuts-mark-zuckerberg-reality-labs