After losing more than $70 billion, Mark Zuckerberg seems to have finally admitted that one of his biggest bet is ‘not working’

Meta is reportedly slashing its Metaverse budget by up to 30% for 2026, signaling a potential shift away from its ambitious virtual reality vision after incurring over $70 billion in losses. This move comes as the company doubles down on artificial intelligence, investing heavily in AI infrastructure and talent acquisition.