Meta cuts Reality Labs budget and pivots to AI

In this week's episode of the Rich Habits Radar, Robert Croak and Austin Hankwitz talk about Meta's -30% budget cut to their Realty Labs business division, the US job market falling off a cliff, and the $1 billion spent via Buy Now Pay Later on Cyber Monday.

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Hankwitz Group LLC has an existing business relationship with NEOS Investment Management LLC. The opinions expressed are those of the author, and the author owns several NEOS ETFs.