Meta Plans 30% Metaverse Budget Trim—What Is Next

Core Viewpoint - Meta Platforms' shares are experiencing a recovery after a decline of over 25% from peak levels, attributed to stabilization in the tech and AI sectors, along with the company's decision to reduce its metaverse budget by approximately 30% [1] Group 1 - Meta Platforms' shares are on the rise again after a significant drop [1] - The recovery is linked to a calming in the technology and AI markets [1] - The company plans to cut its metaverse budget by around 30% [1]