Meta Platforms, Inc. (META)
After hours:
- Editor's PickYahoo Finance
Big Tech off the hook; Abbott under fire; Musk-Twitter feud: 3 legal stories to watch
This week, in legal news Yahoo Finance is following stalled legislation that would have reined in Big Tech; lawsuits piling up against formula maker Abbott; and a simmering legal feud between Twitter and Tesla CEO Elon Musk.
- Editor's PickYahoo Finance Video
Why thematic stocks like Apple, Disney, Meta make sense right now
Yahoo Finance Live’s Brian Sozzi discusses a Wall Street note explaining why stocks like Apple, Disney, and Meta are still compelling for investors.
- Reuters
Snap plans to lay off employees- The Verge
The scope of the job cuts is currently unclear as managers are still planning it for their teams, the report said, adding that the Snapchat-owner has more than 6,000 employees. Snap declined to comment when contacted by Reuters. The development comes as technology companies, crypto exchanges and financial firms cut jobs and slow hiring as global economic growth slows due to higher interest rates, red-hot inflation and an energy crisis in Europe.
