Meta Platforms, Inc. (META)
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Meta has laid off about 1,500 employees from its Reality Labs division, which focuses on virtual and augmented reality. This move signals a shift in strategy as the company reallocates resources from metaverse projects to developing AI technologies and wearables. The layoffs reflect ongoing challenges in monetizing its VR and AR initiatives, emphasizing the urgency for Meta to pivot toward more profitable ventures.
Latest News
| Title | Published |
|---|---|
UBS Raises Price Target on Vistra (VST) to $233 After Meta Nuclear Power Deal UBS Raises Price Target on Vistra (VST) to $233 After Meta Nuclear Power Deal | about 2 hours ago |
BofA Maintains Buy on META, Sees No Material 2026 Expense Impact From Energy Deals BofA Maintains Buy on META, Sees No Material 2026 Expense Impact From Energy Deals | about 2 hours ago |
Standard Chartered Says '2026 Will Be The Year Of Ethereum' As It Predicts 'ETH Outperformance' Standard Chartered Says '2026 Will Be The Year Of Ethereum' As It Predicts 'ETH Outperformance' | about 3 hours ago |
Michael Burry Bets Against Nvidia, Says'I Do Not See How That Math Works' Amid AI Chip Boom Fears Michael Burry Bets Against Nvidia, Says'I Do Not See How That Math Works' Amid AI Chip Boom Fears | about 3 hours ago |
Buffett Refused A Raise For Decades, His Successor Earns 250x More To Lead Berkshire Hathaway Buffett Refused A Raise For Decades, His Successor Earns 250x More To Lead Berkshire Hathaway | about 5 hours ago |
Buffett Refused A Raise For Decades, His Successor Earns 250x More To Lead Berkshire Hathaway Warren Buffett ended his multi-decade run as the CEO of Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) at the end of 2025. Things will look different for the conglomerate in 2026, including how much the CEO is paid. Berkshire Hathaway New CEO Gets Pay Raise New CEO Greg Abel, who takes over from Buffett after serving in leadership roles for Berkshire's energy and non-insurance businesses, has big shoes to fill. Replacing the legendary investor known to many as the "Oracle of Omaha" will be no easy | about 5 hours ago |
Reddit Stock Slips As Analyst Warns Of 'Mixed' Ad Feedback Reddit Stock Slips As Analyst Warns Of 'Mixed' Ad Feedback | about 5 hours ago |
UBS Raises Price Target on Vistra (VST) to $233 After Meta Nuclear Power Deal
UBS Raises Price Target on Vistra (VST) to $233 After Meta Nuclear Power Deal
BofA Maintains Buy on META, Sees No Material 2026 Expense Impact From Energy Deals
BofA Maintains Buy on META, Sees No Material 2026 Expense Impact From Energy Deals
Standard Chartered Says '2026 Will Be The Year Of Ethereum' As It Predicts 'ETH Outperformance'
Standard Chartered Says '2026 Will Be The Year Of Ethereum' As It Predicts 'ETH Outperformance'
Michael Burry Bets Against Nvidia, Says'I Do Not See How That Math Works' Amid AI Chip Boom Fears
Michael Burry Bets Against Nvidia, Says'I Do Not See How That Math Works' Amid AI Chip Boom Fears
Buffett Refused A Raise For Decades, His Successor Earns 250x More To Lead Berkshire Hathaway
Buffett Refused A Raise For Decades, His Successor Earns 250x More To Lead Berkshire Hathaway
Buffett Refused A Raise For Decades, His Successor Earns 250x More To Lead Berkshire Hathaway
Warren Buffett ended his multi-decade run as the CEO of Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) at the end of 2025. Things will look different for the conglomerate in 2026, including how much the CEO is paid. Berkshire Hathaway New CEO Gets Pay Raise New CEO Greg Abel, who takes over from Buffett after serving in leadership roles for Berkshire's energy and non-insurance businesses, has big shoes to fill. Replacing the legendary investor known to many as the "Oracle of Omaha" will be no easy
Reddit Stock Slips As Analyst Warns Of 'Mixed' Ad Feedback
Reddit Stock Slips As Analyst Warns Of 'Mixed' Ad Feedback