Meta Platforms Inc Class A (META)
Meta lays off employees at WhatsApp and Instagram, the Verge reports
Meta is laying off employees across units including Instagram, WhatsApp and Reality Labs, the Verge reported on Wednesday, citing people familiar with the matter.
Meta reorganized some of its biggest businesses and eliminated some roles
Meta reorganized some of its major units, cutting roles at Instagram, Reality Labs, and WhatsApp. A Meta spokesperson said the company was also moving some teams to different locations.
Meta lays off employees across multiple teams
Multiple teams at Meta were hit by layoffs on Wednesday, the company confirmed in a statement to TechCrunch, noting these changes were made to reallocate resources within the company. The layoffs appear to have hit employees working on Threads, recruiting, legal operations, and design, among other teams, according to social media posts announcing the layoffs seen by TechCrunch.
Stock-Split Watch: 3 Unbeatable Tech Stocks That Look Ready to Split
Shares of Meta Platforms, Spotify, and Netflix are trading at hefty prices.
Should You Buy Meta Stock Before Oct. 30?
The company is scheduled to report quarterly financial results that could have huge implications for stock market investors.
Best AI Stocks To Buy Now? 2 For Your Watch List
Here are AI stocks to watch in the stock market this month.
Meta must face US state lawsuits over teen social media addiction
Facebook parent company Meta must face lawsuits by U.S. states accusing it of encouraging social media addiction among teens, a federal judge in California ruled on Tuesday.
2 Best Magnificent Seven Stocks to Buy in October
Which are the best buys among Alphabet (Google), Amazon, Meta Platforms (Facebook), Tesla, Apple, Nvidia, and Microsoft?
Cathie Wood Says Artificial Intelligence (AI) Is "The Most Transformative Technology in History": 2 Stocks She's Betting Big On.
Cathie Wood is betting big on Tesla and Meta Platforms as the AI revolution kicks into gear.
Meta Q3 Preview: Strong Results Expected Amid Its Overvaluation
I expect Meta to deliver $40.5 billion in revenue in Q3, with a Reality Labs loss upward of $4.5 billion. Based on data from WARC Media, I estimate Meta could overtake global linear advertising spending in 2025. My valuation analysis and growth forecasts indicate that the company's market cap will contract by 4.3% in 12 months in a base case. This counters my previous bull-case prediction.
Zuckerberg Is Investing Billions On AI. Why It's A Make-Or-Break Moment For Meta
Meta isn't only competing with its social media rivals, but generative AI platforms for photo editing and other activities. Mark Zuckerberg is pouring some $40 billion into artificial intelligence initiatives, including software and hardware bets – can he stave off the competition before losing customers?
Meta's Facebook, Instagram down for thousands of users in US
There were more than 8,000 incidents of people reporting issues with Facebook and over 4,000 reports of issues with Instagram as of 1:44 p.m. Eastern time.
