Meta CEO Mark Zuckerberg makes a U-turn on metaverse spending as Reality Labs is hit with a new 'efficiency' mantra

• Meta CEO Mark Zuckerberg for months has defended losing tens of billions on his metaverse ambitions.
• Zuckerberg's tone has shifted to one of cost-cutting and "efficiency."
• Metaverse spending will continue, although "we're constantly shifting how we execute," he said.

Meta CEO Mark Zuckerberg has gone in a few months' time from pushing the metaverse as the future of his company to it being just another long term project.