Meta stock jumps
Digest more
14don MSN
Meta lays off hundreds more workers as Mark Zuckerberg pivots away from costly ‘metaverse’ push
Meta is laying off several hundred employees across key divisions — including Facebook and its Reality Labs unit — as it overhauls the company for the artificial intelligence era. The layoffs also come as Meta pulls back from its costly metaverse push after pouring tens of billions into virtual reality with limited payoff.
Both Google and Meta broke key support levels, shifting their outlook to distinctly bearish, as geopolitical fears (US-Iran war) also weigh on broader market sentiment.
Meta is granting stock options to key leaders in an effort to retain talent as pressure intensifies on the company to bolster its position in artificial intelligence.
Meta Platforms (NASDAQ:META) is reportedly pushing back the launch of its next major AI model after internal tests showed the system still lags some of the top models built by rivals. According to a New York Times report,
We just covered the Jim Cramer Stock Portfolio: Top 10 Stock Picks. Meta Platforms (NASDAQ:META) ranks #5 (see the Jim Cramer’s top 5 stock picks in 2026 here). Jim Cramer has been recommending investors to own the stock,
Meta Platforms stock (META) gained more than 6% immediately after posting its fourth-quarter earnings, where it beat Wall Street expectations for revenues and profitability and posted strong expectations for first-quarter revenues, but once again raised ...