Meta Stock: Zuckerberg’s Metaverse Cuts Could Spark ‘Significant Rally,’ Analyst Says

Meta’s (META) reported plan for deep cuts to its metaverse spending could spark a “significant rally” for shares of the Facebook parent company, Mizuho analysts said. Meta stock edged higher Friday. Chief Executive Mark Zuckerberg and Meta executives have discussed potential budget cuts as high as 30% for Meta’s metaverse group next year, Bloomberg reported Thursday, citing unnamed sources. The…