"Plan to Cut Metaverse Budget by 30% from Zuckerberg"

Meta's Metaverse Vision is Shaken

Meta Platforms Inc. CEO Mark Zuckerberg has made the decision to significantly reduce the resources allocated to the metaverse project, which was once seen as the future of the company. This change means cutting the funding necessary for the construction of virtual worlds.

Information on Budget Cuts

According to some sources, Meta executives are considering budget cuts of up to 30% in the metaverse group. These cuts also affect the Meta Horizon Worlds and Quest virtual reality units. Although no final decision has been made, cuts of this level could result in potential layoffs.

Future Strategy: Artificial Intelligence and Wearable Devices

Meta has confirmed that resources allocated to the metaverse are being reduced and stated that these savings will be redirected to Reality Labs’ artificial intelligence glasses and other wearable devices. A company spokesperson emphasized that "we are not making changes across the entire Reality Labs portfolio," highlighting that there are no broader plans in place.

Analysts' Assessments

Despite Zuckerberg's belief in the future of the virtual world, the failures of the projects are being questioned by some analysts. Investors argue that Reality Labs products are far from profitability, advocating for these resources to be redirected to more efficient areas. For example, experts like Mike Proulx predict that Meta may end its metaverse projects by the end of this year.