META is down 10% as 2026 AI capex rises to $125-$145B, yet ads, WhatsApp messaging and Threads??? 150M DAUs stay strong.
Shares of Meta Platforms NASDAQ: META have faced a notable degree of volatility in 2026. The stock started off the year hot, being up around 12% near the end of January.
Meta CEO Mark Zuckerberg defended the company's bloodbath layoffs of 8,000 workers – saying “success isn't a given” as the tech giant pushes full steam ahead into the highly competitive AI sector.
Meta Platforms (META) is currently trading at approximately $600 per share, which corresponds to a market capitalization of $1.5 trillion and a trailing price-to-earnings ratio of about 22. This multiple is below both the three-year average of 25 and the three-year peak of 33.
Tech giant Meta has laid off 10% of its workforce - as chief executive Mark Zuckerberg warns that "success isn't a given".
On a dark day of layoffs at Meta, one employee responded by creating an internal radio station that plays songs about job cuts — generated by artificial intelligence, of course.
Mark Zuckerberg posted a note to Meta staff as the tech giant cuts 10% of its workforce today. Zuckerberg said he doesn't expect more "company-wide" layoffs this year amid a major morale hit.
Brittany Pierson, a Dallas-based content designer who spent four-and-a-half years at Meta, said she felt “so much relief” after getting laid off.
Meta CEO Mark Zuckerberg told employees in a Wednesday memo that the company's decision to layoff 8,000 employees is necessary because "success isn't a given." In addition to the job cuts, about 7,000 employees will be moved into new AI-focused roles, according to a person familiar with the matter.
Meta is telling thousands of employees their jobs are being eliminated. An email to impacted employees said the layoffs were to offset other investments Meta is making.
Meta CEO Mark Zuckerberg told employees in an internal memo on Wednesday that he does not expect more company-wide layoffs this year, according to a copy of the memo seen by Reuters.
Meta kicked off a bloodbath round of 8,000 layoffs – among the largest in the social media giant's history – amid a broader shift toward artificial intelligence.