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Zuckerberg rather invest in AI than hardware platforms, says D.A. Davidson's Luria
CNBC Televisionยท 2025-12-04 16:01
Meta shares are higher this morning after a report said the company is planning to meaningfully cut the resources devoted to its metaverse efforts slashing budgets there by as much as 30% next year. Let's bring in Gil Lauria DA Davidson's head of technology research uh for his take on this. So Gil, how do you think about it in terms of magnitude of spending.The markets, you know, added about 100 billion in market cap to uh to Meta this morning in response. Yeah, if they shut down the Reality Labs business, ...