Business & Events

Meta Stock Surges on Plans for Metaverse Cuts

Bloomberg’s Caroline Hyde and Ed Ludlow discuss Meta’s plan to cut resources for building its metaverse, the virtual world that Mark Zuckerberg once framed as the future of the company. Plus, Nvidia CEO Jensen Huang says he’s not sure China would accept more powerful AI chips - even if the US relaxes restrictions on sales. And, a look at the latest earnings from Snowflake, Salesforce and UiPath. -

Meta, Amazon stocks surge by US$270 billion as cost cuts cheer investors -  The Business Times

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Meta's Zuckerberg Plans Deep Cuts for Metaverse Efforts - Bloomberg

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