Meta scales back metaverse spending following reports of cutting budget by up to 30%

Meta pivots from costly metaverse projects to AI-powered glasses. Company redirects Reality Labs resources following reports of lukewarm metaverse reception.

Original Source:

https://www.foxbusiness.com/technology/meta-scales-back-metaverse-spending-reports-cutting-budget

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Meta scales back metaverse spending following reports of cutting budget by up to 30%