Meta Platforms Inc Class A (META)
Meta Approves Plan for Up to 200% Bonuses for Executives
Meta Platforms (META) has approved a new bonus plan where its executives could earn a bonus of 200% of their base salary, the social media and tech giant said in a filing.
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Facebook and Instagram owner Meta reportedly boosting executive bonuses while cutting jobs
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is reportedly increasing executive bonuses, with top leaders now eligible for up to 200% of their base salary, up from 75%. According to reports from the US, the move, approved by the board on 13 February, follows a review showing Meta's executive pay lagged behind industry peers.
Meta executives eligible for 200% salary bonus under new pay structure
Meta executives are set to receive significantly larger bonuses this year, even as the company implements layoffs affecting 5% of its workforce. According to a corporate filing on Thursday, Meta's board approved an increase in the target bonus percentage for its executive compensation plan.
Meta approves bonuses of up to 200% of company executives' salaries amid layoffs
Meta approved a plan that would allow executives to earn a bonus of up to 200% of their base pay. The move comes the same month the company aims to reduce its workforce by about 4,000 employees.
Meta approves plan for bigger executives bonuses following 5% layoffs
Meta's executive officers could earn a bonus of 200% of their base salary under the company's new executive bonus plan, up from the 75% they earned previously, according to a Thursday filing. The updated bonus plan doesn't apply to Meta CEO Mark Zuckerberg.
Meta reduces stock options for staff despite trading at record highs, FT reports
Meta Platforms has cut back on its yearly distribution of stock options by about 10% for tens of thousands of employees despite the social media giant trading at record highs this month, the Financial Times reported on Thursday.
Meta cracks down on buying and selling Instagram usernames with a new lawsuit
Meta filed a lawsuit this week accusing a man of selling Instagram handles and "unauthorized" account reinstatement services. The Instagram usernames were listed at prices ranging from $700 to $50,000, the lawsuit says.
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Meta stock pulls back after 20-day winning streak
After snapping its 20-day win streak earlier this week, is Meta Platforms (META) stock overdue for a split? Citi senior analyst of Internet Equity Research Ron Josey says that a split is unlikely, going on to underline Meta's user growth across its platforms — Facebook, Instagram, Threads — and growth in AI spending and advertising revenue.
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