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Meta (META) Soars on Strategic Cuts to Metaverse Spending, Boosting 2026 Earnings Outlook

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The Story

News Summary

  • Meta plans to cut Reality Labs spending by up to 30%, improving earnings and signaling a major strategic shift away from the costly metaverse effort, potentially unlocking stock upside amid mounting losses and AI focus.
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META price history

648.03 +5.98% over the displayed period

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