Lloyd Walmsley, Mizuho, and Mike Proulx, Forrester, joins 'Closing Bell Overtime' to talk Meta's decision to cut in its Metaverse division.
Zuckerberg's bet on immersive online worlds has lost the company more than $77 billion since 2020.

Is Zuckerberg Giving Up on the Metaverse?

04:38pm, Thursday, 04'th Dec 2025
Meta Platforms Inc.'s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for c
Stocks were little changed Thursday, a day after the three major equities indexes all rose for the seventh time in eight sessions as weak private-sector employment data furthered traders' belief that
Minda Smiley, senior analyst at EMARKETER focused on social media, says she is not surprised by Meta's plans to cut resources for its metaverse unit. She discusses Meta's challenges to monetize the me

Meta Weighs Cuts to Its Metaverse Unit

03:25pm, Thursday, 04'th Dec 2025
Meta plans to direct its investments to focus on wearables like its augmented reality glasses but does not plan to abandon building the metaverse.
AppLovin has a huge opportunity as it expands beyond gaming apps. Meta is seeing AI help fuel ad impression and ad price growth.

Meta Plans Big Cuts to Its Metaverse Efforts

02:59pm, Thursday, 04'th Dec 2025
Meta is expected to meaningfully cut resources for building the so-called metaverse, an effort CEO Mark Zuckerberg once framed as the future of the company. Bloomberg's Kurt Wagner discusses the news
Meta Platforms, Inc. is rated a Buy, with shares viewed as undervalued and offering solid value into 2026. META's strategic pivot away from the metaverse toward AI, while maintaining balance sheet str
The EU said Thursday it had opened an antitrust probe to determine if the way Meta is rolling out AI features in WhatsApp breaches the bloc's competition rules.
Shares of Meta Platforms (META) surged Thursday following a report that the company is looking to significantly cut spending on its "metaverse" projects next year.
Major U.S. equities indexes wavered between gains and losses Thursday afternoon, as tech stocks climbed but consumer staples stocks lost ground. The Dow Jones Industrial Average edged 0.1% lower in r
Meta plans to cut its budget by up to 30% in its Reality Labs metaverse division. It's considering job cuts as part of that move, leaving employees uncertain.
Meta executives are reportedly considering cutting as much as 30% of the budget of the company's metaverse group amid a shift of resources toward artificial intelligence. The proposed cuts are part of
Meta Platforms (META) is stepping into its next budget cycle with a message investors have been waiting to hear: the metaverse may no longer command the same in
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