Meta Platforms

  • #Meta Platforms Reports 11% Increase in Stock and 3% Rise in Q1 Revenue

    According to reports, Meta Platforms rose more than 11% before the US stock market, and Q1 revenue increased by 3% year-on-year to $28.65 billion.
    Meta Platforms rose more than 11%

    04/27/2023
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  • Meta Platforms Announces Layoff of 343 Employees in New York City Office

    According to reports, a document from the New York State Department of Labor shows that Meta Platforms will lay off 343 employees in its New York City office, and employees were no

    04/25/2023
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  • Wellcome Trust Sells All Shares in Meta Platforms and Reduces Investment in Apple and Microsoft

    According to reports, Wellcome Trust, one of the world\’s largest charitable foundations, sold all of its shares in Meta Platforms in the first quarter and reduced its investment in

    04/24/2023
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  • Mark Zuckerberg and company leadership will face charges of human trafficking and exploitation

    It is reported that Mark Zuckerberg, CEO of Meta Platforms (FB. O), and the leadership of Meta Platforms (META. O) will face allegations of human trafficking and exploitation.
    Mark

    03/22/2023
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  • Citigroup Raises Target Price of Meta Platforms by 14.04%

    Citigroup has reportedly raised its target price for Meta Platforms (META. O) from $228 to $260. Citi: Increase the target price of Meta Platforms from $228 to $260 Analysis based on this information:Citigroup, a multinational financial services corporation, has reportedly increased its target price for Meta Platforms (formerly known as Facebook Inc.) from $228 to $260. This reflects a substantial increase of 14.04% and highlights the confidence Citigroup has in Meta Platforms as a long-term investment prospect. Citigroup’s investment analysis suggests that Meta Platforms has maintained a strong market position in the social media industry, with its user base consistently growing over the years. Moreover, Meta Platforms has shown promising revenue growth and profitability, with total revenue in the third quarter of 2021 reaching $29 billion, a 33% increase compared to the same period in the previous year. The company’s net income in the third quarter was $9.2 billion, almost double the net income of $4.7 billion during the same…

    03/15/2023
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  • Meta Platforms to Implement Major Layoffs

    It is reported that Meta Platforms: it is expected to lay off about 10000 people and suspend the recruitment of about 5000 positions. It is expected that the layoff plan of the technical team will be announced in late April, which will further reduce the size of the recruitment team. It is expected that the layoff plan of the commercial team will be announced at the end of May, aiming at optimizing the proportion of engineers. Meta Platforms: It is estimated that about 10000 people will be laid off Analysis based on this information:Social media giant, Meta Platforms (formerly known as Facebook) is expected to lay off about 10,000 employees and suspend the recruitment of around 5,000 positions. The company plans to optimize its workforce by reducing the technical team and prioritizing its engineering team. The layoff plan, which is expected to be announced in late April, will further reduce the size of the recruitment team, while the commercial team…

    03/14/2023
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  • Meta Platforms Explores Decentralized Social Network

    According to reports, a spokesman for Meta Platforms Inc said on Friday that the company is exploring an independent decentralized social network for sharing t…

    03/10/2023
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