Meta Platforms (META) Soars on 30% Metaverse Spend Cut, Boosting Profit Outlook

The Story

News Summary

Meta's shares have rebounded after reports CEO Zuckerberg may cut metaverse spending by 30%, shifting focus from VR headsets to AI glasses, improving profit prospects and easing investor concerns on excessive spending.

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648.03 +5.98% over the displayed period

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