Meta stock

Meta shares climbed approximately 3% on Monday, recovering from a Friday slump, following reports that the social media giant is weighing its largest workforce reduction since 2022. According to a Reuters report, Meta plans to cut more than 20% of its workforce of approximately 79,000, potentially affecting more than 15,000 employees, to offset a surge … Read more

Meta established a multi-billion-dollar lease with Google to accelerate the supply of AI chips. This agreement ensures Meta’s access to Google’s TPUs, which are specifically engineered for large-scale AI training and inference. Previously, Meta Platforms has been relying heavily on the major leading chip makers, Nvidia and Advanced Micro Devices, for advanced GPUs to train … Read more

Meta Platforms (META) is drawing renewed attention on Wall Street after investor Bill Ackman disclosed a roughly $2 billion position in the social media and AI giant, through his Pershing Square Capital Management. The move underscores growing institutional conviction in Artificial Intelligence (AI) as the next phase of Meta’s growth engine. Pershing Square built the … Read more