๐ Crypto enthusiasts, buckle up! Meta's Reality Labs is tightening its belt, slashing its budget by 20% until 2026. ๐ธ
- **Why?** To shift gears into production mode for upcoming high-profile hardware launches.
- **Savings?** Analysts predict a cool $3 billion saved.
- **Reality Check:** Despite a $3.8 billion loss last quarter, Meta's revenue soared to $36.45 billion, up 27% from 2023!
Could this be a strategic pivot to please investors and focus on AI? ๐ค Drop your thoughts in the comments!
Stay tuned for more updates on Meta's VR and AR ventures!