Core Insights - Meta Platforms is making significant budget cuts to its metaverse division, acknowledging that its previous focus on the metaverse was misguided and costly [1][5][11] - The company plans to reduce its metaverse budget by up to 30%, which is expected to save billions annually [6][11] - Meta's Reality Labs division has incurred substantial losses, with a reported loss of $13.2 billion in 2023 and $17.7 billion for the full year [3][11] Financial Performance - Meta's Reality Labs generated only $1.3 billion in revenue while incurring losses of $13.2 billion in 2023 [3] - The company's stock saw a positive reaction, increasing by several points following the announcement of budget cuts [6] - Since the layoffs in November 2022, which affected 11,000 employees, Meta's stock has increased over 500%, indicating a successful shift in strategy towards profitability [10] Strategic Shift - The cuts will affect products like Horizon Worlds and the Quest virtual reality unit, with layoffs expected as early as January [7] - This strategic pivot reflects a realization that technology must be useful to succeed, moving away from Zuckerberg's previous vision of the metaverse [7][12] - The company aims to redirect resources towards more practical applications, particularly in AI and other startup projects [12]

Group 1: Meta Platforms - Meta is considering cutting up to 30% of its Metaverse budget for 2026, primarily affecting the Quest virtual reality unit and Horizon Worlds [2] - The EU is planning a new antitrust investigation into Meta regarding its "Meta AI" tool within WhatsApp [3] Group 2: Netflix - Netflix announced its acquisition of Warner Bros Discovery for approximately $82.7 billion, valuing Warner Bros at $27.75 per share [3] Group 3: Amazon - Despite optimistic commentary on AI, investors are largely unresponsive to Amazon's claims of skyrocketing demand for AI infrastructure [5] - Anthropic, a company backed by Amazon and Google, is preparing for a potentially massive IPO, engaging Silicon Valley firm Wilson Sonsini for early preparations [6]

（映维网Nweon 2025年12月06日）先前彭博社等媒体报道称，Meta拟将元宇宙事业群Reality Labs的预算削减高达30%。现在Meta官方 已确认"将部分投资从元宇宙转向AI眼镜与可穿戴设备"。 延伸阅读：彭博社：扎克伯格拟削减Meta元宇宙预算最高30％ https://news.nweon.com/136516 Meta确认将部分投资"从元宇宙转向AI眼镜" 本次预算调整的背后是元宇宙业务发展未达预期，且Reality Labs持续巨亏（自2020年以来已累计亏损超过600亿美元），同时集团正大 举投资AI。 随着Quest 3S的推出，Reality Labs在2024年第四季度创下季度营收历史新高，而所述产品更成为亚马逊美国站圣诞节期间最畅销游戏主 机。但这一增长势头在2025年未能延续：前两季度Quest销量同比下滑。第三季度虽出现反弹，但Meta解释称，这是由于零售商为年末 假日季提前备货所致。 与此同时，Meta持续以数百万美元规模的创作者竞赛推广其Horizon Worlds元宇宙平台，尤其侧重手机端世界开发，希望将其从社交VR 空间扩展为跨平台的Roblox与《堡垒之夜》竞争 ...

Core Viewpoint - Wall Street analysts have rerated Meta Platforms Inc following the company's consideration to cut up to 30% of its 2026 Metaverse budget, primarily affecting the Quest virtual reality unit and Horizon Worlds, which represent the majority of metaverse-related investments [1] Group 1: Budget Cuts and Financial Projections - JP Morgan analyst Doug Anmuth projected that Reality Labs spending will reach $21 billion in 2025 and $26 billion in 2026, with a potential 30% reduction in metaverse spending saving up to $5 billion [2] - If the savings are derived from headcount reductions, Meta could potentially cut approximately 11,000–13,000 employees, which would account for 15–17% of its workforce as of Q3 [3] - Anmuth maintained his expense estimates for 2026 at $153 billion (up 30%) and capex at $115 billion (up 61%) [5] Group 2: Expense Management and Growth Drivers - The analyst emphasized the importance of maintaining GAAP EPS growth, operating income expansion, and positive free cash flow during heavy capital expenditures [4] - A 10% cost reduction across the rest of the business could yield an additional $10 billion in savings, although these cuts are expected to be reallocated to data center and AI investments [8] - Despite anticipated material cost growth in 2026, Meta appears to have flexibility in cost allocations to protect EPS growth amid macroeconomic pressures [8] Group 3: Market Sentiment and Future Outlook - The shift in Reality Labs spending is seen as constructive for market sentiment, addressing investor concerns regarding long-term Metaverse investments [9] - Analysts foresee multiple growth drivers for 2026, including increased usage, AI enhancements, and new advertising opportunities, which could elevate revenue beyond current estimates [9] - Upcoming catalysts include the launch of Meta Business AI and new user-facing AI products expected in 2026, with initial guidance for 2026 expenses projected to grow 28–38% year over year [11] Group 4: Analyst Ratings and Price Forecasts - Doug Anmuth from JPMorgan maintained an Overweight rating on Meta with a price target of $800 [10] - Justin Post from Bank of America Securities reiterated a Buy rating on Meta with a price target of $810 [10]

In 2021, Mark Zuckerberg recast Facebook as Meta and declared the metaverse—a digital realm where people would work, socialize, and spend much of their lives—the company’s next great frontier. He framed it as the “successor to the mobile internet” and said Meta would be “metaverse-first.”The hype wasn’t all him. Grayscale, the investment firm specializing in crypto, called the metaverse a “trillion-dollar revenue opportunity.” Barbados even opened up an embassy in Decentraland, one of the worlds in the met ...

责任编辑：张俊 SF065 Meta Platforms计划在其Reality Labs部门削减高达约30%的预算，这可能影响Horizon Worlds，并将重点 转向人工智能可穿戴设备。 Deeper Reality Labs考虑对Reality Labs进行更深度削减。Meta Platforms正在考虑大幅削减元宇宙资源， 其中可能包括最早于1月进行裁员，这反映了多年巨额投资后的战略转向。 Meta Platforms计划在其Reality Labs部门削减高达约30%的预算，这可能影响Horizon Worlds，并将重点 转向人工智能可穿戴设备。 责任编辑：张俊 SF065 Deeper Reality Labs考虑对Reality Labs进行更深度削减。Meta Platforms正在考虑大幅削减元宇宙资源， 其中可能包括最早于1月进行裁员，这反映了多年巨额投资后的战略转向。 ...

Meta is scaling back its metaverse spending and redirecting resources toward AI-powered glasses and wearable devices, marking one of the company’s most significant strategic pivots in years. Key Takeaways: Meta is cutting metaverse spending as it shifts focus to AI-powered wearables. VR platforms like Horizon Worlds have stalled, while smart glasses are gaining traction. The pivot aligns with a broader industry move toward lightweight, AI-integrated devices. The shift comes as investor skepticism ...

扎克伯格的"元宇宙梦"快要做不下去了。 智通财经记者 | 宋佳楠 核心社交平台Horizon Worlds的表现也不尽如人意，自2021年上线后用户增长乏力。数据显示，其上线初期三个月，月 活用户曾达30万，但后续未能形成有效网络效应，至今用户规模远未达预期，被分析师评为"无法造血的资源黑洞"。 这与2021年扎克伯格的雄心形成鲜明对比——当年他高调将公司更名为Meta，宣称元宇宙将成为"下一代互联网"，并承 诺打造"如点击链接般便捷的虚拟传送体验"。为此，仅Reality Labs的AR眼镜研发投入就占该部门2022年支出的一半以 上。 多重困境促使Meta不得不做出战略转向。除持续亏损引发的投资者质疑外，监管机构对虚拟世界儿童隐私安全的批 评、行业技术成熟度与用户需求的落差，均成为元宇宙业务失速的重要因素。 事实上，扎克伯格近年已极少在公开场合提及元宇宙，今年三季度财报会议上更是全程聚焦AI战略，原元宇宙负责人 Vishal Shah已调任AI产品副总裁，接管超级智能实验室，凸显战略重心的转移。 市场对这一调整反应积极，消息传出后Meta股价盘中涨超3%，创下7月31日以来最大单日涨幅。 12月5日，据智 ...

当地时间12月4日，美股三大指数涨跌不一，道指跌0.07%，纳指涨0.22%，标普500指数涨0.11%。美股科技股多数上涨，META涨超3%，英伟达涨超 2%，特斯拉涨超1%。 商品市场方面，黄金价格温和上涨，白银价格走弱。 美股三大股指涨跌不一 | < W | 纳斯达克中国金龙指数(HXC) | | | | --- | --- | --- | --- | | | 7731.88 30.38 +0.39% | | | | 资料 成分 | 资讯 | 相关基金 | 月度收益 | | 名称 | 现价 | 涨跌幅 ◆ | lil | | 联掌门户 | 2.520 | 29.90% | 2.86% | | LZMH.O | | | | | 无忧英语 | 42.168 | 13.97% | 0.00% | | COE.A | | | | | 万物新生 | 5.345 | 8.86% | -0.37% | | RERE.N | | | | | 奇梦岛 | 4.960 | 8.53% | 0.00% | | HERE.O | | | | | MICROALGO | 6.900 | 7.48% | -0.29% | | ML ...

Core Insights - Meta is planning budget cuts of up to 30% in its Reality Labs division, which may lead to job cuts affecting employees working on Horizon Worlds [1][3] - The company has faced over $60 billion in losses in Reality Labs since 2020 and is increasing its AI spending amid a competitive landscape [4] - Meta's stock rose by 4%, adding $69 billion to its market cap, following news of the budget cuts [4] Budget Cuts and Job Uncertainty - The potential budget cuts are part of a broader strategy discussed by CEO Mark Zuckerberg with executives [2] - Employees are uncertain about whether cost reductions will lead to layoffs, with most cuts expected to come from operating expenses rather than salaries [3] Organizational Changes - Meta has previously reorganized its metaverse unit, appointing new leaders for its metaverse efforts [5] - Vishal Shah, a key figure in Meta's metaverse initiatives, is transitioning to a different division, while Apple design leader Alan Dye has been hired to lead a new creative studio [6] Previous Restructuring Efforts - In April, Meta cut an undisclosed number of Reality Labs employees as part of a restructuring, affecting its gaming division and VR fitness app team [7] - The company has emphasized the need to drive sales and engagement, particularly in mixed reality, to ensure the long-term success of its metaverse plans [8] Investor Scrutiny - The significant losses in Reality Labs have raised concerns among investors, with analysts questioning when these losses might decrease [8]