Meta gains on report of up to 30% likely cut to Metaverse budget
ReutersDec 4, 2025 2:17 PM
Meta Platforms META.O shares rise 6.7% to $682.35 premarket
CEO Mark Zuckerberg is expected to cut resources for building Metaverse, Bloomberg News reports
Co executives have discussed budget cuts of up to 30% for the Metaverse group next year, report says
Up to last close, META has risen 9.2% this year
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