Looks like a major tech giant is tightening its belt on metaverse spending. Word on the street is they're slashing up to 30% from their virtual reality division budget. This could signal a broader shift in how big players are approaching Web3 investments right now. Are we seeing a reality check for metaverse ambitions, or just strategic reallocation? The move definitely raises questions about where the industry's heading next.
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FUD_Whisperer
· 20h ago
30% cut directly? Ha, the big companies have finally come to their senses. This is what I call a reality check.
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blockBoy
· 20h ago
Haha, finally someone is waking up. That 30% cut was well done.
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The metaverse hype is finally cooling down. I knew it, there was too much fluff in it.
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Wait, are they really cutting budgets? Then all those VR-related coins I bought...
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To put it bluntly, they still haven't found a business model. The era of burning money is over.
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What is "strategic reallocation"? Sounds like a way to pass the buck. Just say there's no return on investment.
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Big companies are starting to be rational. Isn't this actually a good thing for the whole industry?
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ForkTongue
· 20h ago
A 30% budget cut? To put it bluntly, they also think the metaverse is a scam.
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MonkeySeeMonkeyDo
· 20h ago
30% cut directly? This is the big companies finally waking up. I’ve been saying the whole metaverse thing was overhyped.
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Web3 investment shift, it really feels like a reshuffling is happening.
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If nothing unexpected happens, there should be more giants following suit. Where the money flows next depends on the coming months.
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“Strategy reallocation” sounds nice, but in reality it just means they bet on the wrong thing.
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30%... that’s pretty harsh. It shows they’re not very optimistic about the metaverse’s future returns internally.
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This round of budget cuts might just be the prelude; the real major adjustments are still to come.
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Finally, someone’s calmed down. Those previous metaverse promotions were seriously exaggerated.
Looks like a major tech giant is tightening its belt on metaverse spending. Word on the street is they're slashing up to 30% from their virtual reality division budget. This could signal a broader shift in how big players are approaching Web3 investments right now. Are we seeing a reality check for metaverse ambitions, or just strategic reallocation? The move definitely raises questions about where the industry's heading next.