Weekend Recap: Metaverse Reductions, EU Antitrust Investigation, Netflix's Major Acquisition, and More
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Updated: 11 hour ago0mins
Meta’s Metaverse Budget Cuts: Meta is considering cutting up to 30% of its 2026 Metaverse budget, primarily affecting its Quest virtual reality unit and Horizon Worlds, prompting analysts to reassess the company's future in this space.
EU Antitrust Probe Over Meta’s WhatsApp AI Tool: The European Commission is preparing to launch an antitrust investigation into Meta regarding its new "Meta AI" assistant integrated within WhatsApp.
Netflix’s $82.7 Billion Acquisition: Netflix has announced its acquisition of Warner Bros Discovery for approximately $82.7 billion, valuing Warner Bros at $27.75 per share.
Amazon-Backed Anthropic Prepares For Massive IPO: Anthropic, supported by Google and Amazon, is gearing up for a potentially historic IPO, having engaged a Silicon Valley firm for early preparations.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
