After a $70bn hit, Zuckerberg concedes his biggest bet is 'not working'

Meta is reportedly planning significant budget cuts for its Metaverse division, potentially slashing it by 30% as part of its 2026 annual planning. This move follows over $70 billion in losses for the Metaverse vision and a lack of consumer interest in its VR products. The company is now prioritizing its artificial intelligence efforts.

from Times of India https://timesofindia.indiatimes.com/technology/tech-news/after-losing-more-than-70-billion-mark-zuckerberg-seems-to-have-finally-admitted-that-one-of-his-biggest-bet-is-not-working/articleshow/125785609.cms