<div id="readability-page-1">Quick Read                               Meta Platforms (Nasdaq: META) is cutting spending on the underperforming Metaverse and redirecting resources toward AI initiatives. The stock popped on the news as Wall Street has grown concerned the company’s spending is getting out of hand in 2026.                                  Meta’s current valuation ...</div>

META

<p>Meta Platforms (Nasdaq: META) is reducing spending on the Metaverse and reallocating resources to AI, causing a stock increase. Wall Street is concerned about the company's spending by 2026.</p>

- Meta Platforms is reducing expenditures on the Metaverse and reallocating funds to AI projects.  
- This decision has positively impacted the stock price, alleviating Wall Street's concerns about excessive spending in 2026.  
- The company's current valuation reflects this strategic shift in focus.  

Meta (META) stock pops following metaverse cuts announcement – could it hit $1,000 in 2026?