For context, private equity firms try to buy companies at 11X to 12X cash-adjusted earnings. Meta's historical fair value for 2023 was $259 based on 2023 estimates, and it was trading at $88.
When Meta Platforms (META) cut 13% of its staff last year, the stock started an incredible ascent, nearly doubling in value.
Meta’s shares are up 70% this year. By contrast, Amazon and Alphabet have done no better than the broader market. (Here are ...
Meta shares jumped 6% on the news. The widely-anticipated job cuts are part of a restructuring that will see the company scrap hiring plans for 5,000 openings, kill off lower-priority projects and ...
I think we should prepare ourselves for the possibility that this new economic reality will continue for many years,” Zuckerberg said in a message to employees. Meta shares rose nearly 7% Tuesday.
Meta Platforms Inc META shares are trading lower Wednesday even though several analysts raised price targets on the stock on the heels of CEO Mark Zuckerberg's memo to employees. What To Know ...
Another 10,000 employees of Meta, the parent company of Facebook and Instagram, will be laid off, after the tech giant announced further cuts on Tuesday. Meta CEO Mark Zuckerberg in a message ...
I think we should prepare ourselves for the possibility that this new economic reality will continue for many years,” Zuckerberg said in a message to employees. Meta shares rose nearly 7% Tuesday.
Wall Street cheered the news of the latest cutbacks, sending Meta shares up 5% in early trading. At around $190 a share, it is at its highest level since May 2022. Zuckerberg has faced mounting ...
Meta will also close 5,000 job openings. Shares of the Silicon Valley firm rallied more than 6% as of 12 ET, as Wall Street continued to cheer on Meta’s commitment to trim costs and improve its ...
After taking a beating in 2022, shares for Meta have surged more than 50% since the start of the year. Angelo Zino, a senior equity analyst at CFRA Research, said on Tuesday that the second round ...
Meta shares were marginally higher at $181.7 in early trade on Friday. They have gained about 51% so far this year. (Reporting by Shubham Kalia, Shubhendu Deshmukh and Yuvraj Malik in Bengaluru ...
