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Zuckerberg spent $70B chasing the metaverse; now he pivots

Mark Zuckerberg spent years insisting that virtual reality would define the next era of computing, even renaming his company ...

Zuckerberg prepares to abandon Metaverse dream

Meta shares surged by $100bn (£75bn) as investors cheered plans for Mark Zuckerberg to rein in spending at his struggling ...
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Zuckerberg slashes metaverse budget by 30 pc; Meta’s shares surge as focus shifts to AI

Meta drastically cuts metaverse spending, shifting focus and investment to AI. Read about the implications and Meta's new AI ...

After losing more than $70 billion, Mark Zuckerberg seems to have finally admitted that his biggest bet is 'not working'

Meta is reportedly slashing its Metaverse budget by up to 30% for 2026, signaling a potential shift away from its ambitious ...

Zuckerberg Cuts Spending on Quest VR in 2026

Meta is planning a 30% budget cut to its metaverse division in 2026, shifting focus toward AI and smart hardware as investors ...
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4 Years After Going All-In, Meta Platforms Is Finally Ditching the Metaverse

Meta Platforms‘ (NASDAQ:META) journey into the metaverse began in 2014 with its $2 billion acquisition of Oculus VR, a move ...

Mark Zuckerberg planning to cut budget by billions of dollars for the project for which Facebook and Instagram owner changed its name

Meta CEO Mark Zuckerberg is reportedly planning significant resource cuts, potentially as high as 30%, for its metaverse ...