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Barchart
Wajeeh Khan

Wall Street Is Cheering Metaverse Spending Cuts at Meta Platforms, But Is META Stock a Buy Here?

Meta Jim Cramer metaverse Mark Zuckerberg

Meta Platforms (META) shares are extending gains today following reports that CEO Mark Zuckerberg plans significant cost cuts to the company’s metaverse division. 

The billionaire will redirect capital and resources instead to the firm’s artificial intelligence (AI)-focused initiatives, anonymous sources told Bloomberg on Thursday morning. 

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