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Shares of Meta Platforms (NASDAQ: META) rose today as the social media giant benefited from a cooler-than-expected inflation report, the company's announcement yesterday that it would lay off 5% ...
Shares rose as high as $577 after market open before edging down 0.7%, or around $564, mid-morning. At Meta Connect 2024 on Wednesday, CEO Mark Zuckerberg unveiled Meta’s newest AI model, Llama 3.2.
The news sent Meta shares popping more than 14% in after-hours trading Thursday. Thursday ... Meta’s stock had gained 109% since this time last year.
Meta had 69,329 workers as of March 31, a decrease of 10% year-over-year. Zuckerberg called 2023 the “year of efficiency" and the company laid off thousands to reduce expenses. Meta's shares fell 16% in after-hours trading. Meta's stock price has more than doubled over the past year thanks to a rebound in online advertising. 04/24/2024 22:25 ...
For the current quarter, the Menlo Park, California-based company said it expects revenue between $36.5 billion and $39 billion. Analysts are expecting revenue of $38.25 billion for the second quarter, which is higher than the midpoint of Meta's guidance range. Meta's shares fell $53.40, or 10.8%, to $440.10 in after-hours trading.
The stock gained 2% as of 12:15 p.m. ET but gained as much as 5.1% earlier in the day. The leg up comes as the S&P 500 gained 0.2% and the Nasdaq Composite was flat.
Meta is hiring again, after laying off more than 20,000 workers since late 2022. Meta's headcount was 72,404 as of September 30, an increase of 9% year-over-year, and up from 70,799 at the end of ...
Meta Platforms Inc. posted sharply higher profit and revenue for its fourth quarter on Wednesday, thanks to higher ad revenue on its social media properties, sending its shares up in after-hours ...