Meta Plans 30% Cut to Metaverse Budget as Reality Becomes Less Virtual: Bloomberg

According to a report by Bloomberg, Meta, the parent company of Facebook, has announced plans to implement a significant reduction of 30% to its budget allocated for the Metaverse. This decision comes in light of the shifting perception and functionality of virtual reality, as the focus on virtual experiences begins to wane in favor of more tangible and real-world applications. source: https://www.coindesk.com/markets/2025/12/04/meta-plans-30-cut-to-metaverse-budget-as-reality-becomes-less-virtual-bloomberg