Zuckerberg will significantly cut spending on meta-universe - Bloomberg. Shares soared

The head of Meta Platforms Mark Zuckerberg is preparing to significantly reduce resources aimed at creating the so-called meta-universe - the direction he previously called the future of the company and the reason for the name change from Facebook Inc. A spokesman for Meta declined to comment.

The proposed measures were discussed as part of Meta's annual budget planning for 2026 in November. According to sources, Zuckerberg instructed top managers to look for ways to cut costs by about 10% in each division, an approach that has been used at Meta in recent years.

However, the meta-universe team was required to make deeper cuts as the company did not see the level of competition around this technology that it had previously hoped for.

The company's management discussed the possibility of cutting the budget of the meta universe division next year by up to 30%. This group includes Meta Horizon Worlds and Quest virtual reality division. Such significant cuts are likely to entail layoffs as early as January 2026, Bloomberg's interlocutors note, emphasizing, however, that the final decision on the budget has not yet been made.

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