Meta Platforms is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported Thursday, citing people familiar with the discussion. The Facebook parent’s shares rose 4% as the move eased some investor jitters over a bet that CEO Mark Zuckerberg has backed with billions of dollars,

Meta is reportedly slashing its Metaverse budget by up to 30% for 2026, signaling a potential shift away from its ambitious virtual reality vision after incurring over $70 billion in losses. This move comes as the company doubles down on artificial intelligence,

Citing people familiar with the discussions, Bloomberg reported on Dec. 4 that the budget cut can be up to 30%. Executives at the tech giant are reviewing plans that could reduce Reality Labs’ 2026 budget by nearly a third, far deeper than the 10% cuts requested across most departments.

Meta shares surged by $100bn (£75bn) as investors cheered plans for Mark Zuckerberg to rein in spending at his struggling “Metaverse” unit.

Facebook-owner Meta won a landmark lawsuit Tuesday when a federal judge ruled the company’s acquisitions of Instagram and WhatsApp don’t violate US antitrust law. The big win over the Trump administration comes at an interesting time for Meta Chairman Mark Zuckerberg, who has spent more than a year sidling up to the Republican president.

While you'll probably never be as rich as Mark Zuckerberg, you can adopt the three core habits that helped launch him to global prominence.

Mark Zuckerberg’s Instagram is requiring all of its US-based employees to return to the office five days per week, a company spokesperson confirmed on Tuesday.

Meta CEO Mark Zuckerberg is reportedly planning significant resource cuts, potentially as high as 30%, for its metaverse division, including virtual w