Meta's Metaverse Misstep: Budget Cuts & AI Shift

Metas Metaverse Gamble: A Trillion-Dollar Misstep - Mark Zuckerbergs ambitious metaverse vision has become one of techs most expensive failures. Despite billions in investment, Metas Reality Labs division has lost over seventy billion dollars, with a small user base and limited engaging content. Zuckerberg plans to cut Reality Labs budget by up to thirty percent, potentially affecting Horizon Worlds and Quest hardware. Layoffs may occur, but Meta insists its not abandoning the metaverse entirely, shifting focus towards AI glasses and wearables.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.