2025-12-05 02:25:20

Looks like the reality check is hitting hard. A major social media giant is reportedly slashing its metaverse division budget by up to 30%.

This isn't just pocket change we're talking about—it's a massive pivot from their previous all-in strategy. Remember when they rebranded their entire company around this vision? Now they're pumping the brakes.

What's driving this? Market pressure, disappointing adoption rates, or strategic recalibration? Could be all three. The metaverse hype cycle has cooled considerably since its peak, and shareholders are asking tough questions about ROI.

For the broader Web3 space, this sends mixed signals. On one hand, it shows even tech titans can't force mass adoption. On the other, it might free up talent and resources to flow into more focused, crypto-native metaverse projects.

The virtual world vision isn't dead—it's just getting real about timelines and expectations.

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ProveMyZK

· 12-05 02:54

Ha, another big company dream shattered, this is hilarious. --- Spent so much money to force a trend, but in the end reality wins... --- To put it bluntly, no one is using it. The ROI is lousy, investors are unhappy—is that so hard to understand? --- Well, now those genius engineers can move on to projects with real value. --- The metaverse isn’t dead, it’s just a change in direction... Listen to that, always finding an excuse. --- I just want to know what those people who hyped up the metaverse think now.

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token_therapist

· 12-05 02:48

LOL, spent billions just to forcibly rebrand the company, and now quietly slashing the budget... Isn't this the epitome of the Web3 space?

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RamenDeFiSurvivor

· 12-05 02:44

ngl, it was really hard to handle putting that much money in at the time. Saying 30% is already putting it mildly... I bet the ROI numbers are so bad it's downright hopeless.

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DataOnlooker

· 12-05 02:38

Haha, finally facing reality. The era of burning money to buy dreams is over. --- Honestly, I was just waiting for them to make this cut. Cutting 30% off the budget is only fair. --- So funny, the more hype there was back then, the more it hurts to cut losses now. --- As long as the released talent and resources can flow into projects that actually get things done, instead of being wasted again, that's good. --- Weren't they supposed to go all in on the metaverse? Now they're slashing budgets right away. That's how big companies are. --- Finally awake, waiting for the next wave of startups to seize the opportunity and take off. --- Instead of burning money on the metaverse, it's better to actually research on-chain applications. This money is being wasted. --- If the ROI doesn't add up, it has to be cut. Capital is the most honest.

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