Meta Platforms (Facebook) Aktie News

Meta reportedly plans to eliminate 10% of the jobs in its Reality Labs unit. That's according to a report Monday (Jan. 12) by Bloomberg News, which characterizes the move as part of a larger plan by Meta to reduce its focus on virtual reality products as it concentrates on other artificial intelligence (AI) wearables.

Meta Platforms is an advertising juggernaut with tremendous growth potential in the AI glasses market. Micron Technology is a steal of a deal among AI stocks.

Meta Platforms has become attractively valued after consolidating around $650 from its overheated $800 AI-driven highs. The social media company faces AI execution issues, though the ads tool is seeing robust results across the social media platforms. Meta is rumored to cut Reality Labs spending by 30%, signaling a strategic pullback from excessive Metaverse spending.

Meta unveils new Checkpoint performance program with higher bonuses for top employees. The updated system introduces four performance ratings and rewards exceptional impact at Meta.

The division — which employs roughly 15,000 people — has a strong presence in the Seattle area and is responsible for the company's "metaverse" technologies that work in conjunction with augmented and virtual reality.

This is a developing story. Check back for updates.

When Meta announced capital expenditure projections last year, the company made it known that it planned to spend big to build out capacity for its AI business. “We expect that developing leading AI infrastructure will be a core advantage in developing the best AI models and product experiences,” said Susan Li, Meta CFO, during an earnings call last summer.

Brazilian antitrust body CADE said on Monday it had opened an investigation into the new terms of Meta's WhatsApp Business tool, adding it would also suspend the tool's new terms in Brazil while it evaluates the case.