Stock Movers Meta Rises on Potential Metaverse Cuts, Five Below Gains, Kroger Drops
Dec 4, 2025
In this conversation with Vildana Heirich, a team leader at Bloomberg News, the focus shifts on some major companies making waves in the market. She reveals that Meta is planning significant cuts to its metaverse resources, raising speculation about layoffs. Five Below's profit outlook surges due to strong demand for affordable goods, while Kroger faces increasing competition, leading to a downward adjustment in its sales forecast. The discussion highlights changing consumer behavior amidst economic challenges.
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Meta Pulls Back On Metaverse Spending
- Meta is preparing to significantly cut metaverse spending as the project failed to deliver expected returns.
- Investors prefer redeploying capital to core ad-driven businesses rather than the metaverse vision.
Hosts Joke About FB Ticker And Shareholder Sentiment
- Paul Sweeney joked that shareholders prefer spending elsewhere rather than on the metaverse.
- The hosts reminisced about the old FB ticker and its role in the company's identity shift.
Discount Retailers Winning As Consumers Tighten
- Five Below raised its profit outlook again as shoppers favor budget-friendly trendy goods amid stretched finances.
- Discount retailers like Dollar Tree also see strength, signaling where consumers are migrating under pressure.