meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (2023)

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Meta India may not face brunt of layoffs; IT firms dig deep to catch moonlighters

CEO Mark Zuckerberg took the blame for the company’s first-ever mass sacking, saying he was guilty of over-optimism about its future after growth surged during the pandemic.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (2)

Meta sacks 11,000, rocks tech world; how FTX CEO lost $14.6B overnight

Meta CEO Mark Zuckerberg said earlier today the company will cut more than 11,000 jobs – about 13% of its workforce – in the first major round of layoffs in its history. The mass sacking could push the tech world – already in turmoil since the start of the year – into complete meltdown.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (3)

US stocks end higher, Meta jumps as investors eye midterms

Digital World Acquisition Corp surged 66% after former U.S. President Donald Trump hinted at another White House bid. The blank-check firm has agreed to take social-media startup Trump Media & Technology Group Corp public.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (4)

Facebook parent Meta planning massive layoffs: report

As of September 30, Meta had about 87,000 employees worldwide across its different platforms, which include social media sites Facebook and Instagram as well as messaging platform WhatsApp.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (5)

Why do many top profit-making companies lag in market cap?

A structural shift in the Indian economy, which has gained momentum during the last decade, is the formalization of the economy. Reforms like the GST have hit the informal sector hard. The informal sector, which thrived on tax arbitrage, is finding the going tough in the highly competitive business environment

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (6)

The cycle of disruption is the only constant

The pressure on advertising revenues started last year when Apple changed how different apps tracked user data (or the Identifier for Advertisers (IDFA) policy). There is an old saying in commercial broadcasting, “if you are not paying for the product, you are the product”.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (7)

The worst for the market is over because inflation may have peaked: Vinod Nair

The central banks wrongly presumed that the rising prices were transitory. They forecasted that inflation would fade as the economy opened, bringing supplies.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (8)

Is the stock market a casino roulette? Asks Uday Kotak after tech crash

A disappointing result season sent Facebook-owner Meta Platforms stock plummeting 25%. Investors are spooked by Facebook’s costly metaverse bets and the impact of soaring inflation on ad spending. On the other hand, Amazon shares fell 17% in extended trading after the retail and technology heavyweight projected a holiday slump that would leave current-quarter sales below Wall Street estimates.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (9)

Wall St loses over $200 billion in value after report from Amazon

Amazon's weak report sent Nasdaq futures tumbling about 3%, showing traders expect Wall Street to open with a deep decline on Friday. Google-owner Alphabet and Microsoft dropped about 1% each, adding to losses following their own poorly received quarterly reports on Tuesday.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (10)

Investors continue to scan the economic horizon for evidence that the barrage of aggressive interest rate hikes from the Federal Reserve, begun in March, are beginning to have the desired effect by cooling down the economy. While a 75 basis point rate hike at the conclusion of its Nov. 1-2 policy meeting is all but assured, the likelihood of a smaller, 50 basis point hike in December was 55%, according to CME's FedWatch tool.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (11)

Updates from Elon Musk-Twitter saga; Udaan takes convertible notes route to raise $120 million

Elon Musk now calls himself ‘Chief Twit’ on Twitter. On Wednesday, the Tesla and SpaceX boss sauntered into the microblogging platform’s San Francisco headquarters, armed with a sink. “Entering Twitter HQ — let that sink in!” he tweeted later, posting a video of his entry. It’s not clear if he was just being a twit or conveying a message that Twitter had a ton of troubles (kitchen sinking refers to acknowledging every bit of bad news in one go). But at the very least, it looks like he is finally buying Twitter. And he clarified that he would not be firing 75% of the staff, as had been speculated. But there could be more twists in this pretzel-shaped tale before the Friday court deadline to close the deal passes.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (12)

Tech rout widens as Meta sinks after results

Meta was set to lose about $78 billion in market value, if losses hold to the end of the session, adding to the trillions of dollars that some of the biggest tech names have shed this year amid rising interest rates and a stronger dollar.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (13)

Meta’s $677 billion rout boots it out of world’s top 20 stocks

Meta was the sixth biggest US company by market capitalization at the start of the year, flirting with a $1 trillion market value. Fast forward 10 months and the stock will be worth about $258 billion, ranking it 26th. Its market value is now smaller than companies including Chevron Corp., Eli Lilly & Co. and Procter & Gamble Co.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (14)

Tech rout widens as Meta sinks after results

Meta was set to lose about $67 billion in market value, if losses hold through the session, adding to the trillions of dollars that some of the biggest tech names have shed this year amid rising interest rates and a stronger dollar.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (15)

Tech’s biggest companies are sending worrying signals about the US economy

Tech companies led the way for the U.S. economy over the past decade and buoyed the stock market during the worst days of the coronavirus pandemic. Now, amid stubborn inflation and rising interest rates, even the biggest giants of Silicon Valley are signaling that tough days may be ahead.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (16)

Investors punish Mark Zuckerberg as costly metaverse pitch falls flat

Investors rushed to dump Meta Platforms Inc's stock after hours, pushing it down 20% and wiping $67 billion off its market value after the company posted its fourth straight decline in quarterly profit.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (17)

Asia shares jump as investors anticipate smaller interest rate rises

China stocks have had a turbulent week, headlined by Monday's brutal selloff as global investors dumped Chinese assets, worried that President Xi Jinping's new leadership team would put ideology before the economy.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (18)

Meta stock craters over bleak forecast and expensive metaverse bets

The disappointing outlook comes as Meta is contending with slowing global economic growth, competition from TikTok, privacy changes from Apple, concerns about massive spending on the metaverse and the ever-present threat of regulation.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (19)

Investors punish Zuckerberg as costly metaverse pitch falls flat

He spoke about the company's various efforts, including a recently unveiled virtual and mixed reality headset called Quest Pro that is priced at $1,500 and a social metaverse platform where people can express themselves via avatars.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (20)

India’s anti-trust body fines Google Rs 936 crore in second penalty; WhatsApp faces longest outage

The Competition Commission of India is in no mood to play, and Google is finding that out the hard way. The anti-trust regulator has fined the Big Tech firm Rs 936 crore ($113 million) for the “anti-competitive policies” on its Play Store. This comes on the heels of the Rs 1,338 crore ($162 million) penalty it imposed on Google last week for abusing its dominance in multiple markets with its Android mobile operating system.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (21)

Snap sets off alarm bells in ad-reliant social media sector

Facebook-parent Meta Platform Inc and Pinterest Inc fell between 2% and 7%. Twitter Inc slid 3%, also dragged by fears of security reviews of billionaire Elon Musk's takeover bid.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (22)

Meta, Alphabet, Pinterest shares shudder on Snap warning

Last trading at about $8 a share, Snap's stock has now fallen 90% from its record high close in September 2021. Snap debuted on the stock market in a hotly anticipated initial public offer in 2017 that priced its stock at $17.

meta stock price: Latest News & Videos, Photos about meta stock price | The Economic Times - Page 1 (23)

ETMarkets Smart Talk: Indians buying Disney, Airbnb; US IPOs still far fetched, says Viram Shah

"Vested Finance enables Indian investors to put money in the US markets. Now, through our affiliated entity – VF Securities – we are a FINRA-registered US broker-dealer"

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