Meta Platforms (FB) 02 (Jun 22 - Dec 26)

[behappyalways]

Meta To Cut More Jobs As Soon As This Week
https://www.zerohedge.com/markets/meta- ... -soon-week

[behappyalways]

Meta Cuts Another 10,000 Jobs As Tech Layoffs Accelerate
https://www.zerohedge.com/markets/meta- ... accelerate

[behappyalways]

Meta Starts Cleaning House, Axes 1,500 Recruiting, HR Jobs
https://www.zerohedge.com/markets/meta- ... ng-hr-jobs

[winston]

not vested

Meta Platforms Inc. – Further reduction in costs
Recommendation : NEUTRAL (Maintained); TP: US$200.00, Last Close: US$204.93

META recently announced another round of job cuts, laying off ~10,000 (~12% of current workforce), and further removing ~5,000 vacant positions.

META’s plans include removing multiple layers of management, and automating more functions to improve efficiency.

We reduce FY23e OPEX by ~3% as a result of the planned job cuts.

As a result, FY23e EBITDA/PATMI is increased by 3%/4% respectively.

We maintain ACCUMULATE with a raised DCF target price of US$200.00 (prev. US$182.00), a WACC of 7.1%, and a terminal growth rate of 3.5%.

Source: Phillips

https://www.stocksbnb.com/reports/meta- ... -in-costs/

[behappyalways]

Meta Recruiter Says She Was Paid $190,000 Per Year To Do Nothing
https://www.zerohedge.com/political/met ... -do-noting

[behappyalways]

人裁光了就再找? Meta搶人才 祖克伯開出年薪三千萬招募設計師 延續元宇宙夢想 Meta裁員省錢聚焦重點業務│記者 許庭瑋│【國際大現場】20230412│三立新聞台
https://m.youtube.com/watch?v=3WeUQyPPkV4

[behappyalways]

Disney, Meta Prepare To Eliminate Thousands Of More Jobs
https://www.zerohedge.com/markets/disne ... sands-jobs

[winston]

not vested

Meta Platforms, Inc. (META) is slated to reveal its first-quarter earnings on Wednesday, April 26, after the closing bell.

Analysts estimate earnings of $2.02 per share and revenue of $27.61 billion, down from earnings per share of $2.72 and revenue of $27.9 billion in the same quarter last year.

Source: Investor Place

[winston]

not vested

Mark Zuckerberg Has Dumped the Metaverse for His Newest Obsession

by COLETTE BENNETT

Many of Meta's top execs are now refocusing on artificial intelligence, investors and analysts alike are concerned that this is just another wild goose chase that's caught Zuck's fancy.

Source: The Street

https://www.thestreet.com/technology/ma ... BObsession

[behappyalways]

Meta Soars After Top- & Bottom-Line Beat; 'Metaverse' Losses Grow, MAUs Disappoint
https://www.zerohedge.com/markets/meta- ... disappoint

Is this bullish?
https://twitter.com/Mayhem4Markets/stat ... 2726176772