Shares of Meta Platforms Inc (NASDAQ: META) climbed higher Thursday after the company announced job cuts. With shares trading higher, Meta CEO and co-founder Mark Zuckerberg also saw his wealth soar, potentially at the expense of some of his company's employees.

"I’m going to get kicked out in three days, so we need to go on a date quickly," Zuckerberg told Priscilla Chan at the time.

Meta’s metaverse rollout struggled from the start, hampered by poor adoption. ・Reality Labs has become a significant financial drag, posting massive operating losses that now look increasingly unsustainable as AI capex demands rise.

Meta lready sells VR headsets and Ray-Ban smart glasses, but these new glasses sound a bit different. Their format factor would reportedly be similar to the Apple Vision Pro, with a puck-like power source.

Meta Platforms Inc. CEO Mark Zuckerberg appeared likely to escape, at least in the short term, having to testify in a privacy suit over the social media giant’s collection of personal health information via its tracking pixel after a Ninth Circuit panel favored the idea that executives are too busy to appear for depositions.

Meta has reached deals to pay Fox News, CNN and several other news publishers in exchange for using their articles in its AI chatbot, the company said Friday.

Meta Platforms ($META) is effectively admitting defeat in the expensive Metaverse race, instead shifting its entire focus and billions of dollars

According to a Bloomberg report, Meta CEO Mark Zuckerberg is aiming to cut budgets for the company’s virtual-reality metaverse initiative by up to 30% amid a companywide spending pullback. Shares of Meta jumped 3.