Meta Platforms Stock Jumps on Metaverse Spending Cuts. Here's Why the Growth Stock Is a Screaming Buy Before 2026

Wall Street is sending a clear signal to Meta Platforms that it wants the company to reduce spending on Reality Labs.Meta Platforms (META 0.91%) shares popped 3.4% on Thursday despite a mere 0.22% increase in the Nasdaq Composite on reports that the company was cutting metaverse spending in favor of artificial intelligence (AI) and smart glasses.Here's why Meta's capital is better used on non-metaverse projects and why the growth stock is a great buy in December. The harsh reality of Reality LabsFacebook c ...