|Bid||304.03 x 1300|
|Ask||304.26 x 900|
|Day's Range||298.54 - 306.35|
|52 Week Range||88.09 - 326.20|
|Beta (5Y Monthly)||1.23|
|PE Ratio (TTM)||35.21|
|Earnings Date||Oct 25, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||363.00|
Meta (META) will lay off an unknown number of workers from its Reality Labs division, according to a Reuters report. The business segment — which is focusing on the development of the tech company's metaverse — has about 600 employees and is expected to make most cuts from the chip-making unit. Yahoo Finance Reporters Akiko Fujita and Rachelle Akuffo break down the report and discuss what this means for the company's long-term investment in the metaverse. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The Federal Reserve is now on Instagram and Threads (META). On Instagram, Federal Reserve Chairman Jerome Powell says that information "and other resources" will be posted on their social media page. The Yahoo Finance Live team discusses the Fed's decision to join the social media platforms. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The company started testing these tools in May, giving access to a select group of advertisers in a "testing playground". The tools will be available in Meta's Ads Manager and their rollout will be completed next year. The rollout marks the Facebook and Instagram owner's first foray into bundling generative AI technology into its products for mining vast stores of past data to generate new content like prose, art and software code.