Mark Zuckerberg, who a few years ago renamed Facebook for the ambitious idea of a virtual world, is now ready to significantly cut funding for his "child." According to media reports, the Reality Labs division, responsible for VR headsets, virtual worlds, and other "meta" projects, plans to reduce the budget by 30%.
Such plans threaten mass layoffs and possibly the end of several initiatives within the metaverse — from headsets to social platforms like Horizon Worlds.
📈 Interestingly, the market greeted the news with enthusiasm — Meta's shares rose after rumors about budget cuts. Apparently, investors see this as a signal that the company is returning to a more pragmatic course.
🤔 For the industry, this may mean a redistribution of priorities: from virtual worlds to more "realistic" bets, like AI, "smart" devices, and other areas that generate revenue today.
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