Business US
Meta Stock Jumps On Report Zuckerberg Wants ‘Deep Cuts’ For Metaverse

Meta (META) stock jumped Thursday on a media report that Chief Executive Mark Zuckerberg is planning “deep cuts” at the metaverse division he previously touted as key to the company’s future. Executives have discussed potential budget cuts as high as 30% for Meta’s metaverse group next year, which includes the virtual-worlds product Horizon Worlds and its Quest virtual-reality unit, Bloomberg…




