Meta’s stock pop could be just the start as Zuckerberg takes aim at ‘black hole’ of spending

Last Updated: Dec. 4, 2025 at 7:10 p.m. ET
First Published: Dec. 4, 2025 at 12:31 p.m. ET

Meta Platforms could be set to scale back its artificial-intelligence ambitions, much to the relief of anxious investors.

According to a Bloomberg report, Meta META CEO Mark Zuckerberg is aiming to cut budgets for the company’s virtual-reality metaverse initiative by up to 30% amid a companywide spending pullback.