In today's video, I discuss Meta Platforms (META -2.76%) and recent updates affecting the social media giant. To learn more, check out the short video, consider subscribing, and click the special offer link below.
Though not the most-discussed artificial intelligence (AI) stock of the bull market, Meta Platforms (NASDAQ: META) has been an exceptionally reliable performer with the upside, especially visible in the more recent months.
Shares of Meta Platforms (META 1.11%) have delivered explosive returns to investors since bottoming out in 2022, and the stock continues to hit new highs. The stock surged recently after the company reported strong revenue and earnings performance in the fourth quarter.
New court filings in an AI copyright case against Meta add credence to earlier reports that the company “paused” discussions with book publishers on licensing deals to supply some of its generative AI models with training data.
Shares of Meta Platforms Inc. META have skyrocketed by 17.47% over the last 17 days, reregistering one of the longest winning streaks for the company led by Mark Zuckerberg, according to Benzinga Pro.
Following Meta CEO Mark Zuckerberg's mid-January warning to employees about raising performance standards and cutting 5% of the workforce, recent layoffs impacting approximately 3,600 workers have generated controversy. Some affected employees are challenging the company's assertion that the cuts solely targeted low performers, claiming they received favorable performance reviews.
Some Meta workers impacted by Monday's job cuts were surprised since they had strong track records. Meta's layoffs targeted 5% of low performers.
Cathie Wood's comeback could continue through the year as most of her Ark Invest funds come roaring back alongside the tech trade.
Meta began notifying employees affected by its previously announced job cuts on Monday (Feb. 10).
Artificial intelligence (AI) continues to garner lots of attention. And for good reason.
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