Will Cuts to the Metaverse Help Meta Platforms Stock Soar in 2026?

In 2021, Meta Platforms (NASDAQ: META) was so convinced of the potential in the metaverse that it not only invested heavily in it but also underwent a significant rebranding and changed its name from Facebook to Meta Platforms. Since then, however, the company's Reality Labs division, which focuses on the metaverse, has proven to be not much more than a money pit. Now that the company appears to be focusing on artificial intelligence (AI), however, the metaverse looks to be less of a priority. Meta has b ...