Meta Platforms Inc Class A (META)
Meta lays off hundreds more workers as Mark Zuckerberg pivots away from costly ‘metaverse' push
The tech giant is cutting jobs across several divisions including Facebook and its Reality Labs unit in overhaul for the artificial intelligence era.
Meta launches new initiative to support entrepreneurship, drive AI adoption
Meta is launching Meta Small Business, a new company-wide initiative focused on supporting entrepreneurship and driving AI adoption, Axios reported on Wednesday.
Meta to offer stock options to retain top execs as jury orders $375M penalty in child endangerment case
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) is offering stock options to top executives for the first time since its 2012 initial public offering, in a bid to retain key talent as the company intensifies its push into artificial intelligence, according to a company spokesperson. The new equity awards will only be triggered if Meta achieves “massive future success,” the spokesperson said, citing performance thresholds that could include nearly doubling the company's share price to above $1,100.
Meta turns to AI to make shopping easier on Instagram and Facebook
Meta is looking to leverage AI's ability to inform and potentially influence shoppers to increase sales on the company's social media platforms, like Facebook and Instagram.
5 Things to Know Before the Stock Market Opens
Stock futures are rising and oil prices are dropping this morning following reports that the U.S. sent Iran a 15-point plan to end the war in the Middle East; Meta is targeting a market cap of $9 trillion in a new round of executive stock options; OpenAI said Tuesday it would shut down its Sora video generation app as the ChatGPT maker looks to cut costs ahead of a potential IPO later this year; and Jefferies reports earnings after markets close amid reports of potential takeover interest from a Japanese financial firm. Here's what you need to know today.
Instagram and Facebook owner Meta ordered to pay £280m for knowingly harming children
Meta, the owner of Facebook, Instagram and Whatsapp, has been ordered to pay $375m (£280m) in damages after it was found to have knowingly harmed children's mental health.
Meta Offers Execs Stock Options as It Seeks $9 Trillion Valuation
Meta is reportedly offering stock options to top executives as it steps up its AI initiatives. As the Wall Street Journal (WSJ) reported Wednesday (March 25), this program allows executives to reap the full value of their options only if Meta's market capitalization reaches $9 trillion by 2031, up from $1.5 trillion today.
Hugo Barra's return to Meta 5 years after exit underscores Zuckerberg's AI urgency
During Hugo Barra's first stint at Meta, he and the company were focused on virtual reality. Now he's back after five years away, and all efforts are on artificial intelligence.
Leaders of AI Firm Bought by Meta Are Restricted From Leaving China
Beijing is weighing penalties for key figures at Manus, a Singapore startup with Chinese origins.
Some Meta employees were told to work remotely for the day as layoffs loom
Meta employees in wearables and ads were told on Tuesday to work remotely on Wednesday. The HR email comes as layoffs loom over the Big Tech company's 79,000 staff.
China bars Manus co-founders from leaving country as it reviews sale to Meta, FT reports
China has restricted two co-founders of artificial intelligence startup Manus from leaving the country as regulators review whether Meta's $2 billion acquisition of company violates the country's investment rules, the Financial Times reported on Wednesday.
Meta Targets $9 Trillion Valuation With New Executive Incentive Program
New stock option program could pay some executives hundreds of millions of dollars if they reach aggressive growth targets.
