After $70bn loss, Zuckerberg signals his biggest bet is 'not working'

Meta is reportedly planning significant budget cuts for its Metaverse division, potentially slashing its Reality Labs budget by up to 30%. This move comes after the company has incurred over $70 billion in losses from its metaverse ambitions. The decision reflects a broader lack of consumer interest and a strategic pivot towards artificial intelligence.

from Times of India https://ift.tt/6xbzVF1