by: xpoolPosted on:

Meta to Slash Metaverse Budget by Up to 30% Amidst Declining User Engagement and Market Slump

Meta’s ambitious metaverse division is facing a critical juncture. With user adoption proving sluggish and losses mounting, Meta reportedly plans to drastically cut spending on this innovative project. Sources indicate the company might slash up to 30% of Reality Labs’ budget by 2026, marking one of its biggest strategic shifts since rebranding to Meta Platforms Inc. in 2021.

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