{"id":978776,"date":"2025-12-06T07:29:34","date_gmt":"2025-12-06T01:59:34","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=978776"},"modified":"2025-12-06T07:37:26","modified_gmt":"2025-12-06T02:07:26","slug":"meta-to-cut-up-to-30-of-metaverse-budget-report","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/12\/06\/meta-to-cut-up-to-30-of-metaverse-budget-report\/","title":{"rendered":"Meta to cut up to 30% of metaverse budget: Report"},"content":{"rendered":"<p>Meta is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported on Thursday, citing people familiar with the discussions. <\/p>\n<p>The Facebook parent&#8217;s shares rose 4% as the move eased some investor jitters over a bet that CEO Mark Zuckerberg has backed with billions of dollars, only for the business to burn more than $60 billion since 2020. The company even changed its name to Meta from Facebook in 2021 to signal its priorities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported on Thursday, citing people familiar with the discussions. The Facebook parent&#8217;s shares rose 4% as the move eased some investor jitters over a bet that CEO Mark Zuckerberg has backed with billions of dollars, only for the business to burn more than $60 billion since 2020. The company even changed its name to Meta from Facebook in 2021 to signal its priorities.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-978776","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/978776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=978776"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/978776\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=978776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=978776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=978776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}