|Bid||136.65 x 800|
|Ask||136.66 x 1100|
|Day's Range||135.20 - 139.84|
|52 Week Range||134.12 - 353.83|
|Beta (5Y Monthly)||1.30|
|PE Ratio (TTM)||11.45|
|Earnings Date||Oct 24, 2022 - Oct 28, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||225.84|
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Yahoo Finance Live anchor Seana Smith details a new report that Meta is planning to cut costs, freeze hiring, and restructure its teams.
Meta Platforms Inc. is furthering its descent through ranks of the biggest companies in the U.S., this time falling below Exxon Mobil Co. for the first time in more than five years.
Facebook-parent Meta Platforms will freeze hiring and further restructure amid an uncertain macroeconomic situation, Bloomberg News reported on Thursday, quoting Chief Executive Mark Zuckerberg's communication with employees. "I had hoped the economy would have more clearly stabilized by now, but from what we're seeing it doesn't yet seem like it has, so we want to plan somewhat conservatively," Zuckerberg told employees during a weekly Q&A session, Bloomberg News reported. Zuckerberg also said on Thursday that Meta would reduce budgets across most teams and that individual teams will have to resolve how to handle headcount changes, the report added.