Meta, AI and layoffs
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China has decided to block Meta Platforms Inc.’s $2 billion acquisition of agentic AI startup Manus, making a surprise move to unwind a controversial deal that’s drawn fire for the leakage of technology to the US.
To be fair, there is some currency benefit in the forecast. Meta chief financial officer Susan Li said the guidance assumes foreign exchange will be about a four-percentage-point tailwind to year-over-year revenue growth. But even after adjusting for this, the outlook still points to 26% growth -- an acceleration from Q4.
Early testers see WhatsApp Plus positioned as a “new add‑on subscription” that unlocks more creative and organizational features, including cosmetic upgrades and premium content packs, according to Social Media Today. Meta has tied this to a broader strategy of premium tiers across its apps, similar to Instagram Plus and Snapchat’s Snapchat+.
Meta cut 8,000 jobs and launched new AI the same day. The news that AI replaces people is wrong. They want different people who work with AI.
This week, a class-action lawsuit was filed in Washington, D.C. against Meta, alleging that the company deceived Facebook users about scam advertisements and profited from it.
We’re announcing an agreement with AWS to bring tens of millions of AWS Graviton cores into Meta's compute portfolio to support agentic AI workloads.
Meta Platforms (NASDAQ:META) sits at a $1.7 trillion market cap, putting it in rare air. Yet, the company has flirted with the $2 trillion mark multiple times over the past year, only to see momentum fade.
Microsoft Corporation (NASDAQ:MSFT) is one of the best technology stocks to buy for the next decade. On April 23, Microsoft and Meta (NASDAQ:META) revealed major workforce reductions affecting potentially 23,