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ReutersJan 12, 16:32 EST

Meta (META) Slashes Reality Labs Workforce Amid $60B Metaverse Loss and AI Setbacks

Meta plans a 10% cut in Reality Labs, primarily impacting the metaverse unit after massive $60 billion losses; smart glasses succeed but metaverse vision struggles amid AI race challenges.

Meta (META) Soars on 30% Metaverse Cut, Shifts Investment to AI Wearables

Meta's shares rose 3.4% after announcing a 30% cut in metaverse spending, shifting focus to AI-driven wearables with better market potential and profitability prospects.

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Average AI scores from −3 to +3. These are sentiment scores, not price returns or trade instructions.

Most positive

USDCHF2.0 · 1 stories
BRENT1.63 · 377 stories
WTI1.48 · 435 stories
XOM1.43 · 162 stories
NFLX1.07 · 15 stories

Most negative

NZDUSD-1.6 · 5 stories
XAGUSD-1.09 · 46 stories
EURUSD-0.96 · 69 stories
US100-0.89 · 367 stories
US500-0.8 · 555 stories