Meta Takes a Red Pencil to Its Budget! Investors Welcome the Billion-Dollar Cuts in the Metaverse!

Meta Platforms (i)(META) is undergoing a profound strategic shift. While the company reaches billions of people daily through WhatsApp, Facebook, and Instagram and invests massively in AI infrastructure, the billion-dollar future projects surrounding the Metaverse are increasingly coming under scrutiny. Drastic cost-cutting measures now suggest that Meta is reassessing its most ambitious vision and is not shying away from painful cuts. The stock rises by 3.5% to over 660 USD. Between Reach, AI Offensive, and Painful Cuts Meta Platforms stands...