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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
NightAirdroppervip
· 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.
View OriginalReply0
MoonWaterDropletsvip
· 12-04 19:50
Haha, finally decided to cut my losses, but there's still 70% of the mess left.
View OriginalReply0
AirdropHunterZhangvip
· 12-04 19:33
Haha, 30%? I think they need to cut 70% for it to be called a real awakening. --- Meta's move this time really shows they've been hurt; only now do they realize you need some sense when cutting retail investors. --- 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. --- What about the other 70%? That's mostly on PancakeSwap, right everyone? --- The metaverse dream is shattered, huh? Hilarious. I already went all-in on short-term trades a long time ago.
View OriginalReply0
pumpamentalistvip
· 12-04 19:30
30%? Wake up, that's just stopping the bleeding. What about the other 70% that really needs to be cut?
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)