Meta finally waking up? Zuckerberg just announced plans to slash Metaverse spending by up to 30%.
The market's response? Stock jumped nearly 4% immediately. Investors are clearly relieved, though some might argue there's still another 70% of questionable spending to address.
This marks a significant pivot for a company that bet billions on virtual reality dominance. Whether this signals a broader industry rethink or just Meta cutting losses remains to be seen.
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NightAirdropper
· 12-04 19:57
Haha, serves them right. Only after burning so much money do they think about cutting their losses. Investors should have rebounded long ago.
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MoonWaterDroplets
· 12-04 19:50
Haha, finally decided to cut my losses, but there's still 70% of the mess left.
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AirdropHunterZhang
· 12-04 19:33
Haha, 30%? I think they need to cut 70% for it to be called a real awakening.
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Meta's move this time really shows they've been hurt; only now do they realize you need some sense when cutting retail investors.
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To put it bluntly, this is a move to recover some losses before going to zero. The stock price did rise 4%, that's true, but the money they're burning... the days of quietly making big profits are over.
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What about the other 70%? That's mostly on PancakeSwap, right everyone?
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The metaverse dream is shattered, huh? Hilarious. I already went all-in on short-term trades a long time ago.
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pumpamentalist
· 12-04 19:30
30%? Wake up, that's just stopping the bleeding. What about the other 70% that really needs to be cut?
Meta finally waking up? Zuckerberg just announced plans to slash Metaverse spending by up to 30%.
The market's response? Stock jumped nearly 4% immediately. Investors are clearly relieved, though some might argue there's still another 70% of questionable spending to address.
This marks a significant pivot for a company that bet billions on virtual reality dominance. Whether this signals a broader industry rethink or just Meta cutting losses remains to be seen.