MENLO PARK — As Meta Platforms reports billions in revenue amid plans to cut thousands of positions worldwide, the tech giant announced that it will pause its development of a new Menlo Park mixed-use neighborhood that was planned near the company’s headquarters.

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.

Meta Platforms (NASDAQ: META | META Price Prediction) reported Q1 2026 results after the close on April 29, beating on both lines. Yet the stock opened down 9.79% this morning at $603.61. The market is fixating on a raised capex outlook and a planned debt deal.

With shares trading around $671 a share in late-morning action, the near-the-money 670 straddle shows traders expecting about 7.3% volatility around the earnings release. Meta ( META) is set to report first-quarter results after the market close, with its earnings call set for 5:30 p.m. ET.

Shares of Facebook and Instagram owner Meta Platforms (NASDAQ: META) fell 11.7% in March, according to data from S&P Global Market Intelligence. Meta came under the same pressure as many technology stocks did last month, amid concerns about high spending ...

Meta Platforms, Inc. (NASDAQ:META) is one of the 10 Best AI Stocks to Watch in May. On April 30, Evercore ISI increased its price target on Meta to $930 from $900 and kept an Outperform rating on the shares as it highlighted the company’s AI deployment strength,

Meta Platforms posted Q1 2026 revenue up 33% YoY to $56.31B, far surpassing expectations despite a subsequent 8.5% drop. Learn why META stock is a buy.

Meta's betting big on an AI future -- and paying for it today.