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Meta Platforms (META) Plunges After Reality Labs Layoffs Signal Metaverse Retreat

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Meta Platforms is cutting 1,500 jobs in its Reality Labs division, pivoting away from the metaverse to focus on smart glasses, amid heavy losses and weak demand for its metaverse efforts.
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META price history

648.03 +5.98% over the displayed period

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