Bloomberg Intelligence Zuckerberg Plans to Cut Metaverse Group's Budget Up to 30%
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Dec 4, 2025 This discussion features Anurag Rana, a senior technology analyst at Bloomberg Intelligence, who dives into Meta's potential 30% budget cut for its metaverse project and shifts towards AI investments. Lindsay Dutch, a consumer hardlines senior analyst, analyzes Dick's Sporting Goods' earnings, highlighting strategies to rebound post-Foot Locker acquisition. Mark Douglas, CEO of MNTN, shares insights on media and streaming trends, predicting consolidation and the rise of ad-supported models driven by live sports.
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Meta Shifts From VR To AI/AR
- Meta is reallocating resources from virtual reality to AI and augmented reality as VR adoption lags.
- Caroline Hyde frames Reality Labs as shifting to AI/AR rather than the original VR-focused metaverse vision.
Personal VR Garage-Sale Story
- Caroline Hyde shared a household example of an early Oculus headset used for workouts then sold at a garage sale.
- The story illustrates limited practical VR use and weak consumer willingness to pay high hardware prices.
Talent Moves Reveal Strategic Strain
- Talent moves signal strategy shifts: Apple design and AI departures reflect changing priorities and challenges.
- Caroline Hyde suggests Apple may farm some AI work externally while it addresses edge-AI limits.
