Meta Cutting Metaverse 🚨

Meta Platforms stock jumped after Bloomberg reported that Mark Zuckerberg is preparing major cuts to the company’s metaverse ambitions. Executives have reportedly discussed slashing Reality Labs’ budget by up to 30 percent, a division that has already lost more than $70 billion since late 2020. These cuts could include layoffs and would directly impact Meta’s virtual reality efforts, including the Quest headset line and Ray-Ban/Oakley smart glasses. This comes as Meta evaluates strategy for 2026 while investors push for profitability outside the metaverse. Bloomberg broke the report this morning, and traders reacted instantly. If you want to get breaking news alerts like this before the market moves, Benzinga Pro is 50 percent off for Cyber Week — get real-time headlines, price spikes, and insider moves the second they hit the wire. https://www.benzinga.com/pro/holiday-sale/?utm_campaign=cyber-monday&utm_adType=youtube-community&utm_ad=youtube-shorts-description-cyber-week #meta #metaverse #cuts 📈 Take your trading to the next level with our suite of premium research services and tools: https://www.benzinga.com/services 🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 📲 Follow us on socials @benzinga ------------------------------------------------------------------------------------ 🔹Free Benzinga Webinars: https://www.youtube.com/watch?v=LQ2jOJNkDfI&list=PL4k0fH8EgI3YTdqniRmxrvz97w3IQ61rD 🔹Benzinga Pro Tutorials: https://www.youtube.com/watch?v=a2FaHhLIrks&list=PL4k0fH8EgI3YMwoBMFXGvVMkgixFymmei&pp=gAQB 🔹Earnings Calls: https://www.youtube.com/watch?v=C2-AoCw64Ok&list=PL4k0fH8EgI3buZI5529R53wJUNd9NS4_s 🔹Premarket Playbook: https://www.youtube.com/playlist?list=PL4k0fH8EgI3ZVRPM7INpG--GvohnBVTnT 🔹Benzinga's All Access: https://www.youtube.com/playlist?list=PL4k0fH8EgI3bQSn91atO-3lPT4V6Nwsmh 🔹Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes. #StockMarket #StockMarketNews #Trading #StockMarketLive #Stocks #stocktrading #learntotrade #DayTrading #StockMarketToday