Meta laid off employees on Thursday in its Reality Labs division, which encompasses various virtual and augmented reality projects. The cuts impact employees within Oculus Studios, which develops apps and games for Meta's Quest headsets.
In an ongoing antitrust case, the Federal Trade Commission says that Meta has a monopoly on “personal social networking services” and should have to spin off Instagram and WhatsApp.
Facebook will begin lowering the reach of accounts sharing spammy content and making them ineligible for monetization, Meta announced on Thursday. The company is also increasing efforts to remove Facebook accounts that coordinate fake engagement and impersonate others, it says.
If artificial intelligence had a red carpet, the Big Four, Microsoft, Amazon, Alphabet and Meta, would be the ones hogging the flashbulbs. Their multi-billion-dollar investments and slick demos dominate headlines.
Meta Platforms has rebounded with a focus on efficiency, AI advancements, and new revenue streams, making the stock attractive again after a challenging period. Meta's AI-driven advertising and user engagement strategies, along with investments in VR/AR, position it well for future growth despite fierce competition. The company faces regulatory and economic risks, but its strong balance sheet and proven efficiency measures provide a solid foundation for resilience.
The board, which operates independently but is funded by Meta, cited concerns that the company had made the changes “hastily, in a departure from regular procedure."
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is expected to report another quarter of double-digit percentage growth for both revenue and profits when it hands down its first quarter earnings next week. For the period, the Instagram and WhatsApp owner is expected to report revenue of $41.2 billion, up 13.1% from $36.5 billion in Q1 2024, with growth driven by Meta's core advertising business.
Around 200 French media groups, including leading television channels and newspapers, are taking legal action against Meta, the owner of Facebook and Instagram, over its online advertising practices, their lawyers announced on Wednesday.
Going into 2025, I rated Meta Platforms, Inc. stock as a sell for 2025 due to anticipated headwinds impacting commercial momentum. Since then, Meta shares have dropped more than 15%, down 30%+ from all-time highs, influenced by macro risks like tariff sentiment headwinds, de-risking the current investment setup. With Meta's Q1 report scheduled for April 30th, I now upgrade the stock to a "Hold" rating. The revised rating reflects a more favorable risk profile for investors buying at.
Meta Platforms (META) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Magnificent Seven stock Meta Platforms NASDAQ: META made headlines in early April as the company announced the release of its next-generation large language model (LLM), LLaMa 4. The company's open-source large language models are part of its long-term strategy to become the preeminent player in AI adoption.
Market turmoil has sent tech stocks into a tailspin in early 2025. As Donald Trump's trade policies rattle global markets, even the most dominant technology companies haven't been spared.