Reached the limit of investment? Report: Meta tightens investment in the metaverse department.

Mark Zuckerberg's dream of the metaverse has become bleak. With increased investment in AI, Meta continues to reduce staff in its Reality Labs division and requires its hardware team to cut spending by nearly 20% by 2026. Meta believes it has made significant investments in Reality Lab, but the division has accumulated losses of over $55 billion since 2019.

wallstreetcn16:47

"Seven tech giants" market cap evaporated 1.1 trillion dollars in five days! Is a big rotation happening in U.S. stocks?

Although there was a sharp drop in US stocks on Wednesday, due to the sudden factor of Trump's speech severely impacting chip stocks, everyone can't help but ask: Has the big rotation in US stocks already begun? Have the leading tech giants of the past two years peaked?

cls.cnJul 18 22:16

Express News | Meta CEO Zuckerberg Declined to Endorse Trump or Biden, Adding He’s “Not Planning” to Be Involved in Election in Any Way - Bloomberg News

Breakings21minutes ago

Big clean-up! Zuckerberg's metaverse dream shattered, Meta's "Real-World Laboratory" faces brutal reality.

Meta is cutting spending on its VR, AR, and metaverse division, Reality Labs; Within about a year, Reality Labs has undergone several rounds of layoffs and restructuring, most of which are aimed at senior management cleansing.

cls.cn14:22

Meta Halts AI Assistant Amid Brazil Data Privacy Ruling

Yahoo Finance18:15

Meta Platforms Is Maintained at Outperform by Oppenheimer

Meta Platforms Is Maintained at Outperform by

Dow Jones17:33