Meta Shares Rise 5.7% as Zuckerberg Plans Up to 30% Cut to Metaverse Budget

Meta's stock climbed 5.7% in early trading Thursday after reports emerged that CEO Mark Zuckerberg intends to reduce metaverse funding by up to 30%. The cuts will target Horizon Worlds and the Quest VR division. Savings will be redirected toward AI hardware projects, including smart glasses and wearables.