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Alert
Meta Stock Surges Over 5% as Zuckerberg Plans 30% Cut to Metaverse Efforts
12/04/2025, 14:08
12/04/2025, 14:10
AI SUMMARY
●Mark Zuckerberg announces plans to cut Metaverse efforts by up to 30%
●Meta stock ($META) reacted positively, surging over 5% following the news
●Investors have reportedly awaited a reduction in the company's heavy Metaverse spending for years
Meta ($META) stock has surged more than 5% following reports that CEO Mark Zuckerberg intends to reduce the company's Metaverse initiatives by up to 30%.
Market participants have reportedly been anticipating this strategic shift for years, responding positively to the announcement which signals a potential reduction in heavy capital expenditure on the virtual reality project.