Meta shares surged by $100bn (£75bn) as investors cheered plans for Mark Zuckerberg to rein in spending at his struggling “Metaverse” unit.

Reality Labs encompasses several areas of Meta's VR/AR business, but Bloomberg writes that two of them will be hit hardest: Horizon Worlds and virtual reality. Zuckerberg

Investors remain cautious about the AI push, however. In October, Meta’s shares dropped more than 10 per cent, wiping more than $208bn from its valuation — its second-biggest one-day loss — after Zuckerberg announced plans for even more aggressive spending on AI next year.

Facebook-owner Meta won a landmark lawsuit Tuesday when a federal judge ruled the company’s acquisitions of Instagram and WhatsApp don’t violate US antitrust law. The big win over the Trump administration comes at an interesting time for Meta Chairman Mark Zuckerberg, who has spent more than a year sidling up to the Republican president.

While you'll probably never be as rich as Mark Zuckerberg, you can adopt the three core habits that helped launch him to global prominence.

Meta is reportedly slashing its Metaverse budget by up to 30% for 2026, signaling a potential shift away from its ambitious virtual reality vision aft

The biggest advantage is speed. Several tech companies operate in a competitive world where new ideas need to be tested quickly.