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Meta stock climbs 4% on report of planned metaverse cuts
The Facebook parent company changed its name to Meta in October 2021 to signal its pivot beyond social media.
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cnbc.com
Meta stock climbs 4% on report of planned metaverse cuts
The Facebook parent company changed its name to Meta in October 2021 to signal its pivot beyond social media.
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fortune.com
Meta’s Zuckerberg plans deep cuts for Metaverse efforts | Fortune
Executives are considering potential budget cuts as high as 30% for the metaverse group next year, according to people familiar with the talks.
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Wall Street loves Meta’s reported metaverse cuts. Most analysts see 20%-plus gain for stock
Analysts believe that Meta's reported metaverse cuts underline its strong cost discipline and continued focus on efficiency and growth.