Mark Zuckerberg's Meta plans to lay off 10% of its workforce in a companywide bloodletting on May 20 – with even more cuts to follow later in the year, according to a report Friday.
META deepens Broadcom AI chip pact, scaling MTIA to multi-gigawatt capacity as AI features lift engagement across its apps.
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In the latest trading session, Meta Platforms (META) closed at $671.73, marking a +1.39% move from the previous day.
Meta is reportedly reconfiguring its Reality Labs hardware division to “adapt and execute faster.” Maher Saba, head of the tech giant's new Applied AI Engineering division, outlined the overhaul in a memo Tuesday (April 14), The Information reported.
European Union regulators have threatened to force WhatsApp parent Meta Platforms to reverse a move that they say effectively limits the AI chatbots of rival companies from accessing the messaging app.
Meta Platforms (META) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Meta Platforms (NASDAQ:META | META Price Prediction) presents a compelling case for investors at $675.
Taking a page from Google's and Amazon's books, Meta is racing to vertically integrate its AI infrastructure with its Broadcom deal.
Subscribers to Chart of the Week received this commentary on Sunday, April 12.
Meta Platforms TodayMETAMeta Platforms$658.45 +23.92 (+3.77%) As of 11:16 AM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$479.80▼$796.25Dividend Yield0.32%P/E Ratio27.99Price Target$837.72Add to Watchlist
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) is training a photorealistic digital version of its chief executive to interact with the company's 79,000 staff. Meta is developing an AI-powered replica of Mark Zuckerberg designed to interact with employees on his behalf, according to a report by the Financial Times.