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Meta Slashes Budget, Abandons Its Metaverse Dreams
2025-12-05 /
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Author：小编
Bloomberg reported on Thursday, citing sources familiar with the matter, that Meta Platforms Inc. plans to cut its budget for metaverse projects by up to 30%. In response to this news, the stock price of the parent company of Facebook rose by 4%. Previously, CEO Mark Zuckerberg had invested billions of dollars in the metaverse business, but since 2020, the cumulative losses of this business have exceeded $60 billion. This budget cut has, to some extent, alleviated the concerns of some investors. In 2021, to highlight the strategic priority of its metaverse business, the company even changed its name from Facebook to Meta.
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