Meta to cut up to 30 percent of metaverse budget

By
Follow google news

"Smart move, just late."

Meta to cut up to 30 percent of metaverse budget
Meta is expected to make budget cuts of up to 30 percent for its metaverse initiative, Bloomberg News reported, citing people familiar with the discussions. The Facebook parent's shares rose four percent as the move eased some investor jitters over a bet that CEO Mark Zuckerberg has backed with ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

Macquarie Bank unveils customer-facing 'Q' AI agent

Macquarie Bank unveils customer-facing 'Q' AI agent

Woolworths to incorporate agentic AI into its Olive chatbot

Woolworths to incorporate agentic AI into its Olive chatbot

Australian Electoral Commission hits go on generative AI

Australian Electoral Commission hits go on generative AI

CBA finds its first chief AI officer

CBA finds its first chief AI officer

Log In

  |  Forgot your password?