Meta Platforms Cuts Metaverse Division, Shifts Focus

Meta Platforms, led by CEO Mark Zuckerberg, is reportedly planning to cut up to thirty percent of its metaverse divisions budget for 2026, including products like Horizon Worlds and Quest VR units. This move comes as expected competition in the metaverse hasnt materialized, and investors view the metaverse effort as a resource drain. Despite this, Zuckerberg remains optimistic about the metaverses long-term potential.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.