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After 4 years and a billion-dollar hole, US$70 billion in losses, Facebook's owner is recalculating its course and the metaverse continues, but the priority becomes AI and devices like the Ray-Ban Meta smart glasses.
Meta, the parent company of Facebook, Instagram, and WhatsApp, is considering cutting the budget of its metaverse arm by up to 30% in 2026, in an attempt to contain a project that has already