According to @StockMKTNewz, citing the Wall Street Journal, Meta Platforms ($META) laid off about 10% of staff, roughly 1,500 employees, from its Reality Labs division that houses its virtual and augmented reality initiatives (source: @StockMKTNewz; Wall Street Journal). The report includes no mention of cryptocurrencies or blockchain, providing no stated direct impact on crypto assets while quantifying a material headcount change traders can monitor for $META’s VR/AR exposure (source: @StockMKTNewz; Wall Street Journal).

According to @StockMKTNewz, Mark Zuckerberg stated that Meta is establishing a new creative studio in Reality Labs today. source: @StockMKTNewz According to @StockMKTNewz, the studio will be led by Alan Dye, who spent nearly 20 years leading design at Apple. source: @StockMKTNewz