Google Cloud Data Catalog. is asking employees assigned to an office to come in three times a week beginning in September, according to people familiar with the matter, joining a clampdown on. 46%) rose as much as 2. , [2] was founded in 2010 by Sam and Amy Molyneux. A historic plunge in the stock price of Facebook’s parent company has erased more than $230bn in its market value, easily the biggest one-day loss in history for a US company. In February he announced the creation of a new product group focused on generative. 4 hours ago · View Deal. Meta chief executive Mark Zuckerberg said the cuts were "the. Example: Heuer, S. More Meta Quest 3 details. One day while looking at Bob's site, Alice notices that Bob has copied some. For the first three months of the year, the parent company of Instagram saw a $4bn (£3. Meta suffered a major defeat on Wednesday that could severely undercut its Facebook and Instagram advertising business after European Union regulators found it had illegally forced. 5, 2022. 7% next year. The Motley Fool owns and recommends Apple, Meta Platforms, Pinterest, and Qualcomm. According to many key figures in the company, including Mark Zuckerberg, Meta is a result of open source. September 29: World Heart Day – #worldheartday. The 26. A new study of user behavior on Facebook around the 2020 election is likely to bolster critics’ long-standing arguments that the company’s algorithms fuel the spread of misinformation over. Programmers capable of building out virtual reality-powered games, apps and technology can earn total compensation from $600,000 to packages approaching $1 million, according to people familiar. A source. Meta’s revenue for the second quarter was $28. , and TOKYO – Feb. May 30, 2023 | Barron's. With Stella Tan. Keep an eye out for updates on new opportunities to advertise with Reels. This feeling. September 22:. September 29: National Coffee Day – #nationalcoffeeday. We are executing on an ambitious plan to build the next generation of Meta’s AI infrastructure and today, we’re sharing some details on our progress. Meta wants to copy Twitter. R. For a fee, the app will allow businesses to build a custom dashboard so they can chat with customers and offer. Suppose you have two website owners, Alice and Bob. Meta began blocking news from appearing across its platforms in Canada this month after prolonged negotiations with the government over Canada’s new Online News Act. And its profits, while ahead of expectations, were down 21% from the same period a year ago. 1 day ago · Mets adding John Gibbons as bench coach (sources) The Mets are hiring John Gibbons as the team’s bench coach, sources told MLB. The company says the Quest 3 is its "most powerful headset yet. Meta’s merging Creator Studio with Business Suite. X did not respond to a request for comment. Takeaways. 3 billion) and ordered to stop transferring data collected from Facebook users in Europe to the United States, in a major ruling against the. Meta’s stock fell by more than 70% last year as the company lost billions in its metaverse investment. There will still be a Facebook, and an Instagram and all the. Key Meta Statistics 2023. Image source, Meta Image caption, Mark Zuckerberg created a basic virtual world using Builder Bot, commanding the AI to add features such as an island, trees and a beachSaturday November 18 2023, 12. Quest 3 will ship in all countries where Meta Quest is currently. This is a significant decline, and it raises questions about the app’s long-term viability. is asking many of its managers and directors to transition to individual contributor jobs or leave the company as it tries to become more efficient, according to. The concentration of atmospheric N 2. Meta chief executive Mark Zuckerberg said the cuts were "the. 88%), the tech giant formerly known as Facebook, went public at $38 per share on May 18, 2012. This year, we’re getting actual details on. Generative AI. Introducing Emu Video and Emu Edit, our latest generative AI research milestones. Oct. By Ryan Mac , Sheera Frenkel and Kevin Roose. META Files. Meta stock rallied as the company reported an 11% rise in revenue on Wednesday, beating Wall Street expectations. Meta Platforms (META-0. Meta's next virtual reality headset will be available sometime this fall and it'll start at $500. 66 billion, an increase of 22% and 23% year-over-year for the fourth quarter and full year 2022, respectively. 07 billion a year earlier. Publishers will continue to have access to their Facebook accounts and Pages, where they can post their news article links and. Meta recently released a commercial version of Llama 2, its proprietary, open-source large language model (LLM), after rumors of an impending widespread launch. The device could see Google go up against Meta and Apple in the coming metaverse wars. that the company no longer plans to pay publishers for their content to run on Facebook's News Tab, sources tell Axios. SANTA CLARA, Calif. In 2022, we made the leap from image. The layoffs come amid a tough time for Facebook parent company Meta, which provided lukewarm guidance in late October for its upcoming fourth. com's Anthony DiComo on. Sept 5 (Reuters) - Meta Platforms (META. Best Meta Quest 2 Deals: Save up to 40% on Oculus Meta Quest 2 all-in-one headsets & bundles (Walmart. Mark Zuckerberg has unveiled Threads, a clone of Twitter designed to lure people turned off by the social network’s changes under owner Elon Musk. Those platforms include websites and mobile. Meta Platforms, Inc. Its market value has risen by more than eight times over that period to $840 billion. Share repurchases – We repurchased $6. Meta, however, was hamstrung, in part, by its. 1% below the current share price. Analyst MacMurray Whale of Cormark Securities wrote in an updated note on Friday that the revenue increase was less than the US$3. Big Tech was moving cautiously on AI. The Quest 3 is now all but confirmed to launch at Meta Connect when the conference kicks off on September 27th. It works by loading a small library of functions which you can use whenever a site visitor takes an action (called an event) that you want to track (called a conversion ). Meta Platforms Inc. (Reuters) - As the summer of 2022 came to a close, Meta CEO Mark Zuckerberg gathered his top lieutenants for a five-hour dissection of the company’s. It features higher resolution, stronger performance, breakthrough Meta Reality technology, and a slimmer, more comfortable form factor. 4% in February, according to data provided by S&P Global Market Intelligence. Social media titan Meta Platforms (META-0. The models. (“SBG” or “SoftBank”) today announced the termination of the previously announced transaction whereby NVIDIA would acquire Arm Limited (“Arm”) from SBG. Robust Financials. 7% on Tuesday. As the Federal Trade Commission prepares to face off in court against Meta over a V. " It will offer full-color. Meta is spending billions of dollars on a vision that at best is incomplete and at worst, no one wants. Meta copied plenty of features from its competitors, including stories and AR filters from Snap's Snapchat, video game streams from Amazon's Twitch, online dating. 1bn) loss at its VR unit. 07%) CEO Mark Zuckerberg said WhatsApp will be the next major growth pillar for the company at a town hall in November. In a bid to downsize further without conducting traditional layoffs, Meta—which owns Facebook, Instagram and Whatsapp—is utilizing its 30-day list. Meta made $118 billion in 2021. Last week, news emerged that high-flying graphics chipmaker Nvidia ( NVDA -2. Shares of Meta were up about 7. Meta Platforms (META 1. A year ago, Meta was riding high on the metaverse. companies after the stock sank 23% on Thursday. We continue to see strong engagement across our apps and we have the most exciting roadmap I've seen in a while with Llama 2, Threads, Reels, new AI products in the pipeline, and the launch of Quest 3. 07%), the parent company of Facebook, were rising quickly today on seemingly no company-specific news. Jan. If you’ve logged into Meta’s Creator Studio platform recently, you’ve probably noticed a big change. Despite sending a notice to Meta requesting information, the social. Meta Profit Is Up 16% to $7. Half a year later, it looks like he's delivering on. Catalog products can be utilized to share product name, description, quantity and sales among others. The results follow several quarters of slowing growth and a first-ever revenue decline last summer as. Nitrous oxide (N 2 O) is a long-lived stratospheric ozone-depleting substance and greenhouse gas with a current atmospheric lifetime of 116 ± 9 years 1. 2 billion euros is the biggest since the EU’s strict. The Meta Quest 3 only just launched so it was extremely unlikely it would see much of a discount for Black Friday. The stock soared through much of 2020 and 2021, riding a boom in digital advertising like other tech. Mark Zuckerberg, CEO of Meta, has rolled out his return-to-office. Its business is entrenched in online. In common usage and statistics, data ( US: / ˈdætə /; UK: / ˈdeɪtə /) is a collection of discrete or continuous values that convey information, describing the quantity, quality, fact, statistics, other basic units of. See the manual's next section to learn how to generate several schemata -->. These sources, who include high-level directors and rank-and-file engineers, told Recode the company’s culture is becoming more focused on efficiency and increasingly restrictive about employee. It could help Meta boost its open-source Llama AI initiatives, as some companies look to diversify away from relying on a single company’s large language model. Meta also more than doubled profits compared to the year-ago quarter, reporting net income of nearly $11. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2022. Inside Meta's scramble to catch up on AI. I. 10. Meta declined to comment. The company had just completed its rebranding from Facebook to Meta. 6 billion monthly active users. 55bn. Carve out some of your ad budget to test ads on Reels and to create your own paid Reels. 7% Wednesday morning. Ireland’s Data Protection Commission hit Meta with a €265 million fine (about $276 million USD) after an April 2021 data leak exposed the information of more than 533 million users. It did not lay off 26,000 people in the past six. The Motley Fool owns and recommends Amazon, Apple, and Meta Platforms, Inc. (Agnes Lee/Washington Post illustration; Matt McClain/The Washington Post) 11 min. 55 billion of our Class A common stock in the third quarter of 2022. But on Wednesday, the company — now renamed Meta — began cutting jobs, and deeply. Default Tasks names: fetch, unpack, patch, configure, compile, install, package, package_write, and build. 7 billion year over year, while. Meta's next virtual reality headset will be available sometime this fall and it'll start at $500. Meta earned $104. Meta Platforms ( META -1. 1:52. , left, arrives at federal court in San Jose, California, US, on Tuesday, Dec. ( Discuss) (August 2023) Facebook is an online social media and social networking service owned by American technology giant Meta Platforms. The live webcast of the call can be accessed at the Meta Investor Relations. Senior Editor. The layoffs come amid a tough time for Facebook parent company Meta, which provided lukewarm guidance in late October for its upcoming fourth. The concentration of atmospheric N 2. Meta has 68,177 employees. 25%) is out of the doghouse. 1, and 7. This January, Meta will become chair of cross-industry counter-terrorism organization GIFCT. Data as of June 12, 2023. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2022. I. SeamlessM4T builds on advancements we and others have made over the years in the quest to create a universal translator. Meta Platforms, Inc. The three-day mandate only applies to workers already in an office some days. "We made progress this quarter across a number of key company priorities and we remain confident in the long-term opportunities and growth that our product roadmap will unlock," said Mark Zuckerberg, Meta founder and CEO. 25%), the company behind Facebook, WhatsApp, and Instagram, has been one of the hottest stocks to own in 2023. 6% above the current share price. Two days in, Mark Zuckerberg said Threads has registered over 70 million accounts, and it’s. Meta’s focus will be to bring the metaverse to life and help people connect, find communities and grow businesses. More than 10 million people have signed up to Threads, Meta's rival to Twitter, within the first few hours of its launch, the company's CEO Mark Zuckerberg said July 6. It's designed to enable both data professionals and business users to search a catalog through natural language queries and tag data at scale. 6 min. Tech layoffs conducted to date this year currently exceed the total number of tech layoffs in 2022, according to. Part of the losses reflect. Advertise. is not novel. The rise means that shares of the social media company are now up. FILE - A WhatsApp icon is displayed on an iPhone, Thursday, Nov. "We're putting increased energy and focus around. Meta has been fined roughly $275 million by Ireland’s data privacy regulator for failing to prevent hackers from siphoning off personal information from more than 500 million Facebook users in a. And on Tuesday, Microsoft, which has invested $13 billion in OpenAI, unveiled a new internet search engine and web browser powered by generative A. 03% . Meta Platforms (META 0. Its already-widely-used. Execute a particular package 's task. If left empty, jOOQ will generate all available schemata. 87, which is 0. And in its first five days, 100 million people. Mike Isaac has reported on Meta and Facebook from San Francisco for more than a decade. Just kidding! It’s basically exactly the same as the last one, except the blue is a darker. LONDON — Meta was fined roughly $400 million for breaking European Union data privacy laws for its treatment of children’s data on Instagram, the latest in a series of steps by. 7 billion compared with $2. Wade ruling on wide-reaching internal channels, citing a company memo issued after the May draft opinion leak — Meta told its workers on Friday not to openly discuss the Supreme Court's ruling eliminating the constitutional right to an abortion. In the process they found multiple. (Reuters) - As the summer of 2022 came to a close, Meta CEO Mark Zuckerberg gathered his top lieutenants for a five-hour dissection of the company’s computing capacity, focused on. In 2020, the company updated its. Grok has since been trained on a knowledge base similar to ChatGPT and Meta’s Llama 2, but will leverage real-time access to info on X, Musk has said. tags to an article to provide more details about the article including content type, subscription requirements, and more. Reality Labs - which as the name suggests is Meta's virtual and augmented reality branch - has lost a staggering $21 billion since last year. Source: Alphabet and Meta Platforms SEC Filings. S. The field of generative AI is rapidly evolving, showing remarkable potential to augment human creativity and self-expression. O) said on Tuesday it will discontinue the "Facebook News" feature on its social media app in the UK, France and Germany, later this year. Mark Zuckerberg, chief executive officer of Meta Platforms Inc. Mark Zuckerberg, Meta’s. 99 $299. Google, Meta, and Microsoft Will Be First Users. Meta, the owner of Facebook and Instagram, said on Tuesday that it planned to lay off about 10,000 employees. Nitrous oxide (N 2 O) is a long-lived stratospheric ozone-depleting substance and greenhouse gas with a current atmospheric lifetime of 116 ± 9 years 1. “We had expected indications of a more rapid ramp in. com)Source: Instagram Source: Meta Messenger. Meta will host a conference call to discuss its results at 2 p. "It was good to see positive trajectory on our engagement trends this quarter coming from products like Reels and our investments in AI," said Mark Zuckerberg, Meta founder and CEO. , on Tuesday to testify about a start-up deal. The company has shed 70% of its value this year and 74% since. Meta Connect 3 is going to be a two day event, likely packed with VR games and apps, but the main event is going to be the keynote, happening on September 27 at 10 AM PST / 1PM EST / 5 PM BST. Zuckerberg said on Wednesday that Reels, which is prominently placed in people’s Instagram feeds, was currently. The company last week reported its first-ever year-over-year revenue decline in the second quarter of 2022. 08 billion of our Class A common stock in the second quarter of 2022. Literature review and meta-analysis articles. 4 On WhatsApp, we’ll begin testing in the future with small businesses using the. Meta says it is also providing more details about the types of third parties with whom it shares and receives information, and how data is shared between its products. Meta responds to calls for greater transparency with a new research database. Mr. 14 EDT. m. 9 billion Canadian dollars, according to Jean-Hugues Roy, a journalism professor at the Université du Québec à Montréal. Meta also more than doubled profits compared to the year-ago quarter, reporting net income of nearly $11. Original music by Marion Lozano , Dan Powell. Meta’s revenue from Canadian advertising, so far this year, is about 1. Troubleshoot issues with reporting in Meta Events Manager You use a partner integration or a redirect to a third-party website and see issues like events being reported twice, or not at all. The app is. As Canada. , founded by Mark Zuckerberg in 2004. 04%) Follow your favorite stocks CREATE FREE ACCOUNT. Twas a wild year, both for tech news and everything else. Source: Meta. is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after. Share. SOURCE: Meta Web Site (It’s only been a few days, but critics are already weighing in on Facebook’s rebranding announcement last week, and. Attending virtual concerts was another thing Mr. The headset currently costs $499. 78 billion available and authorized for. Sell on Facebook and Instagram. Meta is the parent owner of some of the world’s biggest social. There’s still so much we don’t know about social media’s impact. Alice runs a company called AliceCo and Bob runs BobCo. Image source, Meta. Its stock price has soared. Revenue in the quarter jumped 23% year over year to $34. The Silicon Valley. 9 hours ago · Edited By: Sahil Sinha. Meta has announced that employees must come into the office three days a week starting September 5, marking a sharp turn in the pro-remote work culture the company championed during. 99 USD/month per Facebook page or Instagram account, or $34. m. NORTHAMPTON, MA / ACCESSWIRE / March 21, 2023 / Meta. 99 & get a free game at Amazon. Monthly subscriptions start at $21. Meta said it was laying off more than 11,000 people, or about 13 percent of its work force, in what amounted. 6% in February, according to data provided by S&P Global Market Intelligence. 3 billion privacy fine Monday and ordered it to stop transferring users’ personal information across the Atlantic by October, the latest salvo in a decadelong case sparked by U. The DPC. And, of course, Meta is working on the very tools it hopes will make remote work feel almost like you’re there in person. Facebook's parent company, Meta, owns about a third of Diem, sources told Bloomberg. (the "Company" or "META") (NASDAQ:MMAT), a global leader in advanced materials and nanotechnology, today announced that it has entered into a common stock purchase agreement. Example: To (force) compiling a kernel and then build, type:Cite (ACL): Ming Yan, Hao Zhang, Di Jin, and Joey Tianyi Zhou. By Chris Vallance BBC News The corporation formerly known as Facebook has a new name Meta. Sources: Meta told staff not to discuss the Roe v. 5 billion to $40 billion, implying year-over-year growth of "only" 13% to 24%. Meta has conducted two rounds of layoffs over the past six months and plans two more, affecting more than 21,000 people and eliminating 5,000 jobs. Meta Platforms, Inc. The first mass lay-offs in the firm's history will result in 11,000 employees, from a worldwide headcount of 87,000, losing their jobs. Meta's growth rates were impressive, yet its stock still slumped after the report. September 27, 2023, 9:15 PM. The all-time high Meta Platforms stock closing price was 382. District Court for the Northern District of California, saying Meta — which owns Facebook, Instagram, WhatsApp and. Costs and expenses – Total costs and expenses were $25. Wall Street analysts had. Meta Platforms is preparing to launch a range of artificial intelligence (AI) powered chatbots that exhibit different personalities as soon as September, the Financial Times reported on TuesExceeds expectations. Meta shares jumped more than 18% in after. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2023. 5% from the prior year’s quarter to $7. Mark Zuckerberg, Meta’s chief executive, is building on the. Your documentation source should be written as regular Markdown files (see Writing with Markdown below), and placed in the documentation directory. Sources: Meta is in talks to sign a multiyear deal in which Magic Leap provides IP licensing and contract manufacturing in North America for Meta's AR products — Social media giant seeks technologies to help create an avatar-filled ‘metaverse’ — Facebook's parent company is in talks. 7% Wednesday morning. 18 during the buying frenzy in growth stocks on Sept. 1. As of September 30, 2022, we had $17. Before co-founding Meta, Sam Molyneux studied cancer genomics at the Ontario Cancer Institute at Princess Margaret Hospital in Toronto. 32% . 4% from the year-ago value to $9. has 3. Image source: Meta Platforms Q3 2023 earnings call slide deck. 1:35. : Meta’s moved the start time by 30 minutes to 10:30AM PT/1:30 PM ET. Revenue from Reality Labs fell 51% to $285 million, which was the company's lowest revenue from the metaverse business in at least eight quarters. The Silicon Valley giant, which owns. 6 billion — during the same quarter in the prior year,. When Sheryl joined me in 2008, I was only 23 years old and I barely knew anything about running a company. m. June 8, 2023. Meta plans to spend between $32 billion and $33 billion on capital expenditures this year, ramping up to a range of $34 billion to $39 billion in 2023. We have repeatedly shared that in order to comply with Bill C-18, passed today in Parliament, content from news outlets, including news publishers and. Once the encodings are made, Facebook’s video encoding system tries to further improve the viewing experience by using more advanced codecs,. Source: Meta-analysis by Fewtrell & Colford, 2004; Handwashing data by Curtis & Cairncross, 2003, Updated sanitation data by Cairncross, 2008. 04 to version 22. Meta Platforms Inc. American Eagle Outfitters used 2 bots for Messenger. 20% . m. Lacoste got unprecedented insight into a digital campaign using Facebook’s people-based measurement tools. Edited by John Ketchum and Michael Benoist. Meta has been fined roughly $275 million by Ireland’s data privacy regulator for failing to prevent hackers from siphoning off personal information from more than 500 million Facebook users in a. (Nasdaq: FB) today reported financial results for the quarter ended March 31, 2022. It cut total 2023 expenses to between $87 billion and $89 billion, from a. Meta isn't the only one unhappy. Meta, which owns Facebook and Instagram, said it planned to give outside researchers more detailed information on how political ads were targeted across its platform. May 18, 2023 In February, Meta made an unusual move in the rapidly evolving world of artificial intelligence: It decided to give away its A. Viewed 12k times. The company will also rebrand some of its virtual-reality products as Meta. Meta is expected to ink some $15 billion in free cash flow in 2022, according to estimates from Refinitiv, a 60% decline from 2021, in large part because of spending on the virtual universe. 6 billion. 76. 3 of 3 | . 6 billion. 32 billion available and authorized for repurchases. If you had invested $1,000 in that IPO, your stake would be worth nearly. 6 million on August 1, 2023. Wall Street analysts don't expect 2023 to improve, as an average of 51 analysts project Meta will grow its revenue by 4. Its business is entrenched in online. It affects performance, efficiency, reliability, and developer experience at every stage of the data. Its practitioners, called homeopaths, believe that a substance that causes symptoms of a disease in healthy people can cure similar symptoms in sick people; this doctrine is called similia. Advertisement. A source. First published on Thu 28 Oct 2021 14. If you use a partner integration, you may see issues with the event setup tool such as events being reported twice. It will also be able to search the web for. March 14, 2023. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2022. A key source of the trouble, those five sources. Users will still. On Thursday, Meta's market value sank to $268 billion, down from more than $1 trillion in September of 2021. A Meta Platforms executive overseeing the company's efforts to develop its own chips for artificial intelligence work is leaving her position at the end of the month, according to two sources. By launch, of course, I mean that preorders will likely go live — customers can. The Motley Fool recommends the following options: long January 2022 $1,920 calls on Amazon, long March 2023 $120 calls. Some sources who spoke to the outlet said they were concerned Sandberg’s. Mark Zuckerberg sounded nervous. is the rebranded technology conglomerate formerly known as Facebook Inc. Meta’s subscription move follows Twitter’s push under its new owner, Elon Musk, to charge users $8 a month for blue check marks through its Twitter Blue service. In 2021, Facebook’s parent company rebranded to Meta, expanding its focus beyond social media to encompass building the metaverse. and Greek national who worked on Meta’s security and trust team while based in Greece was placed under a yearlong wiretap by the Greek national intelligence service and. Meta had exposed 311,127 Australians. The goals of this work are: (1) to make us a better technology company and (2) to improve our financial performance in a difficult. Ad impressions and price per ad – In the third quarter of 2023, ad impressions delivered across our Family of Apps increased by 31% year-over-year and the average price per ad decreased by 6%. bitbake <image>. Friday’s action was the latest attempt by Meta to clamp down on contentious internal debates after years of employee unrest and leaks to media outlets. We are releasing both our general Segment Anything Model (SAM) and our Segment Anything 1-Billion mask dataset (SA-1B), the largest ever segmentation. Enter your payment method and account information. Join Founder and CEO Mark Zuckerberg and special guests as they unveil the new Meta Quest 3 and reveal how Meta is bringing mixed reality to life. The Meta Pixel is a snippet of JavaScript code that allows you to track visitor activity on your website. Meta on Tuesday began telling its news partners in the U. The simplest project you can create will look something. Source: Gizmodo ^. Meta’s stock surged on Thursday after the company reported better-than-expected earnings, said it would buy back billions of dollars in its stock, and overcame a. Facebook’s owner, Meta, announced new artificial intelligence-focused tools in an internal company meeting on Thursday and outlined its plan after months of financial struggle. 55 billion of our Class A common stock in the third quarter of 2022. In 2022, we made the leap from image generation to video generation in the span of a few months. The penalty of 1. 46%) could see growth come to a halt in its large gaming segment. Meta’s products are collectively used by over 3. Updated on June 22nd, 2023. Here, we discuss the engineering, scaling, and nontechnical challenges of modernizing Meta’s exabyte-scale data platform by migrating to the new Tulip format. S. Facebook just reached the milestone of 2 billion daily actives," said Mark Zuckerberg, Meta founder and CEO. 71 billion people — nearly half the world — making it by far the biggest social media company on the planet. L. Meta launched a new version of its open-source artificial intelligence model in July called Llama 2 for commercial use, which will be distributed by Microsoft through its Azure cloud service and. Source: Meta Business Help Center. 05:27 - Source: CNN. Listen. Meta Platforms, Inc. Far from Facebook’s Big Tech days, Meta is no longer among the 20 most valuable U. Other cost-saving measures include reducing budgets and perks for staff, it added. However, he maintained a Buy rating on the stock, lowering the target to US$3. SAN FRANCISCO — Meta plans to lay off employees this week, three people with knowledge of the situation said, adding that the job cuts were set to be the most significant at the. In February he announced the creation of a new product group focused on generative.