Meta's Metaverse Division Faces Potential Cuts

Metas metaverse division faces potential budget cuts, including layoffs, due to lackluster interest in VR products. Investors express skepticism over Metas heavy investment in metaverse projects, which have consistently lost billions. Despite this, Metas shares rose following reports of potential cuts, indicating investor approval of reduced spending on virtual reality plans.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.