Meta to Cut Metaverse Spending, Shift Focus to AI and VR Glasses

Meta to Scale Back Metaverse Spending, Redirect Funds to VR Glasses and AI

Salesforce

UiPath

Tech Stocks Rise Amid Mixed AI Earnings Reports

Meta's Chief Legal Officer Newstead Sells 519 Shares at $642.22 Each.

Apple

Apple Appoints Meta's Jennifer Newstead as General Counsel, Replaces Kate Adams and Lisa Jackson

Catalyst<ul> <li>Most analysts rate META Buy or Strong Buy, showing broad institutional optimism.</li></ul>Risk<ul> <li>Fund flows show negative overall trends with large and extra-large orders contributing to outflows.</li> <li>Technical indicators show that the market is in a volatile state and the direction is not clear enough.</li></ul>

Key Factors

Meta Platforms plans to cut its metaverse budget by up to 30% in 2026, reallocating resources toward AI infrastructure and wearables.Meta's Reality Labs division has reported over $70 billion in losses since 2021, prompting the strategic shift away from metaverse projects like Horizon Worlds and VR headsets.Meta's stock surged 5.7% following reports of the metaverse budget cuts, indicating investor support for the company's pivot to AI and hardware projects.Meta's Oversight Board marked its five-year anniversary, having made over 300 content moderation recommendations, with 75% implemented by the company.Meta announced a quarterly dividend of $0.525 per share, payable on December 23, with a record date of December 15.

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