Meta plans to lay off about 8,000 employees, representing 10% of its workforce, and will not fill 6,000 open positions as part of efforts to run more efficiently and offset heavy investments in AI infrastructure. The layoffs, announced earlier than planned due to leaks, are linked to Meta's $115-$135 billion spending on data centers, chips, and AI technology. This move follows previous job cuts in its Reality Labs unit and a shift toward AI-driven content enforcement. Meta aims to focus on AI wearables and future social media innovations while managing costs amid its AI expansion.
Meta now notifies parents if their teen talks about suicide or self-harm with its AI chatbot and is developing a feature to contact emergency services if risk is detected. This move addresses concerns about AI chatbots handling crisis conversations, ...
Meta Platforms has been upgraded to a buy rating due to its new cloud business, which is expected to stabilize cash flow and improve profitability. Despite heavy capital expenditures, Meta maintains strong free cash flow margins and operational effic...
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
Meta Platforms faces a lawsuit from 26 employees alleging the company used AI tools and automated metrics to select workers for layoffs, disproportionately affecting those on medical, parental, or family leave. The lawsuit claims Meta's AI-driven per...
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
