Meta reins in metaverse ambitions, cuts budget by 20%

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The post Meta reins in metaverse ambitions, cuts budget by 20% appeared first on CoinGeek.

Reality Labs has been a money pit for Meta, but CEO Mark Zuckerberg has unwaveringly supported it.

According to The Information, the Facebook owner is rescinding the blank check freedom that Reality Labs has enjoyed since its launch.

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaIndia

Topics: Reality Labs Metaverse Meta Layoffs Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 13:00:09 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 783 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 21785316

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