Meta isn't shutting down its VR metaverse
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Investors are aiming for a roughly 14% increase in the share price over the next nine months or so.
According to a Reuters report, social media giant Meta Platforms (META) is planning to cut a significant portion of its workforce. The stock climbed on news of the company’s alleged plans to reduce its headcount by over 20%,
Meta is paying creators to post on Facebook, but reactions show skepticism around reach, earnings and whether the platform can truly win them back.
Meta Platforms is a hyperscaler that contributes to building AI infrastructure.
Meta Platforms (NASDAQ:META) unveiled four new in-house AI chips today, a move that reads like a declaration of infrastructure independence. Yet, META stock was flat to slightly red in Wednesday trading as the market digested the announcement.
For investors seeking sector exposure, this combination of lower cost and higher momentum could make META a more favorable pick than GOOGL.
It's also an affordable stock after the recent pullback. Meta trades at just 20 times forward earnings. That's a bargain for a tech giant, making Meta the cheapest member of the "Magnificent Seven" by that important metric. If you're looking for undervalued tech stocks to add to your portfolio, Meta is worth considering.
Meta Platforms, Inc. (NASDAQ:META) ranks among the best FAANG+ stocks to invest in right now. On March 10, Citizens maintained its Market Outperform rating and $900 price target for Meta Platforms, Inc.
While Meta claims to still be dedicated to VR development, it is also shifting Worlds development entirely to mobile devices.
Jurors wade through daunting evidence in high-stakes Meta trial about social media risks to children
A daunting stream of testimony and evidence has been presented in a New Mexico case that explores what social media conglomerate Meta knew about the effects of its platforms on children. State
Meta Platforms Inc (NASDAQ:META) is one of the AI Stocks That Will Skyrocket. Social media Meta Platforms Inc (NASDAQ:META) might be on its way to lay off a large number of employees, according to a report from Reuters quoted by multiple publications.