The social media maven may soon cut metaverse spending.Shares of Meta Platforms (META +4.01%) rallied Thursday morning, gaining as much as 5.7%. As of 11:59 a.m. ET, the stock was still up 4.1%.The catalyst that sent the social media and artificial intelligence (AI) specialist higher was a report that the company plans deep cuts to its metaverse spending. Big cutsAs part of the company's budget planning process for 2026, executives at Meta are considering slashing spending on the metaverse by as much as 30% ...