Meta Platforms, Inc.

US30303M1027

Internet Services

Market Closed - Nasdaq Other stock markets 04:00:00 2023-12-08 pm EST			5-day change	1st Jan Change
332.75 ^USD	+1.89%		+2.44%	+176.51%

08:36pm	Dpa-AFX Overview: COMPANIES - The most important news from the weekend	DP
08:00pm	Slovak FinMin on rating cut: we are on Greek path due to previous government	RE

Exclusive-Meta to lay off employees in metaverse silicon unit on Wednesday

October 03, 2023 at 01:55 pm EDT

NEW YORK (Reuters) - Meta is planning to lay off employees on Wednesday in the unit of its metaverse-oriented Reality Labs division focused on creating custom silicon, two sources familiar with the matter told Reuters on Tuesday.

Employees were informed in a post on Meta's internal discussion forum Workplace on Tuesday they would be notified about their status with the company by early Thursday morning, one of the sources said.

(Reporting by Katie Paul; Editing by Chris Reese)

Latest news about Meta Platforms, Inc.

Dpa-AFX Overview: COMPANIES - The most important news from the weekend	02:36pm	DP
Slovak FinMin on rating cut: we are on Greek path due to previous government	02:00pm	RE
Tennessee looks to recovery after string of deadly tornadoes	11:28am	RE
TOTAL-Too strict or too weak: EU rules on AI divide opinion	09:30am	DP
Musk says conspiracy theorist Alex Jones will be reinstated on X after poll	02:39am	RE
Tennessee tornadoes leave at least 6 dead, tens of thousands without power	09:17pm	RE
S&P, Nasdaq notch highest closes since early 2022	Dec. 08	RE
Wall Street touches four-month high after jobs data	Dec. 08	RE
META PLATFORMS : BofA reiterates buy, deems AI undervalued	Dec. 08	CF
Meta Platforms Insider Sold Shares Worth $180,543, According to a Recent SEC Filing	Dec. 08	MT
Social Buzz: Wallstreetbets Stocks Mostly Down Premarket; Lululemon Athletica Poised to Fall, Advanced Micro Devices to Rise	Dec. 08	MT
Communications Services Up With Risk Appetite -- Communications Services Roundup	Dec. 07	DJ
Kenyan Judge Reportedly Finds Meta Platforms Not in Contempt Over Failure to Pay Laid-Off Content Moderators	Dec. 07	MT
Kenyan Judge Reportedly Finds Meta Platforms Not in Contempt Over Failure to Pay Laid-Off Content Moderators	Dec. 07	MT
Alphabet and AMD fuel AI rally on Nasdaq	Dec. 07	RE
Global markets live: AbbVie, McDonald's, Apple, AMD, Alphabet...	Dec. 07
Kenya judge finds Meta is not in contempt of court	Dec. 07	RE
Italy toughens rules on video-sharing platforms to protect minors	Dec. 07	RE
Apple-backed study finds rise in data breaches as iPhone maker defends encryption stance	Dec. 07	RE
Are rate cuts are coming early next year?	Dec. 07
Meta Platforms CEO Sold Shares Worth $8,909,456, According to a Recent SEC Filing	Dec. 07	MT
Meta Platforms CEO Sold Shares Worth $8,887,013, According to a Recent SEC Filing	Dec. 07	MT
Meta Platforms Introducing End-to-End Encryption for Messaging Services	Dec. 07	MT
Social Buzz: Wallstreetbets Stocks Mostly Up Premarket; Altimmune Poised to Rise, Robinhood Markets to Decline	Dec. 07	MT
Meta oversight board to examine Israel-Hamas war content	Dec. 07	RE

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Company Profile

Meta Platforms, Inc. specializes in online social networking services. Net sales break down by activity as follows: - operation of social networking, messaging, photo and video sharing platforms (98.2%): operation of the Facebook, Instagram, Messenger and WhatsApp platforms (3.7 billion active users per month in 2022) ; - sale of virtual and augmented reality products, software and devices (1.8%): virtual reality headsets (Meta Quest), connected screens (Facebook Portal), wearable devices, etc. Net sales break down by source of income into advertising spaces (97.5%) and other (2.5%). Net sales are distributed geographically as follows: the United States and Canada (43%), Asia/Pacific (23.8%), Europe (22.9%) and other (10.3%).

Sector

Internet Services

Calendar

2024-01-30 - Q4 2023 Earnings Release (Projected)

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Analysis / Opinion

Zuckerberg Sells Meta Shares For First Time in Two Years

December 04, 2023 at 03:54 pm EST

Meta Platforms, Inc. : A change of perception

October 26, 2023 at 09:54 am EDT

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Ratings for Meta Platforms, Inc.

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

332.75USD

Average target price

373.86USD

Spread / Average Target

+12.36%

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Quarterly earnings - Rate of surprise

Company calendar

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Social Media & Networking

Meta Platforms, Inc.

Equities

META

US30303M1027

Internet Services

Exclusive-Meta to lay off employees in metaverse silicon unit on Wednesday

EPS Revisions