🔒 Bulls on Meta stock have one big problem: Mark Zuckerberg
Zuckerberg built Meta into one of the biggest companies in the world, but some see him as an obstacle to the stock recovering from a historic selloff.
A whole lot of WATA as META hits the verse skids – Sean Peche
Sean Peche of Ranmore Funds says he sees neither pricing or power in Meta’s latest figures.
🔒 Meta shares tumble nearly 20% after sales decline
The company reported quarterly revenue of $27.7 billion, down more than 4% from a year ago, after posting a 1% decrease last quarter. Meta’s share price fell on Wednesday, amid a broad selloff of tech shares, and is now trading at a price last seen in 2017.
🔒 Company documents show Meta’s flagship metaverse falling short – with insight from The Wall Street Journal
The metaverse was supposed to offer Meta a fresh start as it faces other business pressures and negative publicity, internal documents show.
Which FAANG stocks are worth keeping? – Fireside chat with Stafford Masie
In this fireside chat with former Google exec and technology expert Stafford Masie, he shares which FAANG companies have a promising future.Â
🔒 Boardroom Talk: Today’s Big Question for investors: How to value those ‘Exponential-No-More’ stocks
As Tuesday’s big BizNews Portfolio restructure approaches, the overarching theme is what to do when an Exponential Company loses that title.
Meta ‘re-shuffling’ employees before layoffs
Facebook parent, Meta is looking to reduce costs by at least 10%, people familiar with the plans said.
Meta hopes to run a leaner operation amid drop in advertising revenue and competition with TikTok
Zuckerberg’s efforts to remake Meta is taking on a new sense of urgency after the company posted its first-ever quarter of falling sales.
Give her a break! WSJ on Sandberg resignation
Sheryl Sandberg said she was looking forward to spending more time working with her foundation and on women’s issues after she leaves.
🔒 Premium: Facebook is coming for the banks – with ‘Zuck Bucks’ on the way
Over the past few weeks, BizNews founder Alec Hogg has been warming to Meta Platforms (aka Facebook) as an investment proposition.