Needham & Company worried Meta Platforms' core business has 'no terminal value,' like MySpace before it

Meta Platforms Inc. (META) PT Raised to $305 at Evercore ISI 'Based on META’s reduced Totex guidance (Total Expenses)'

Evercore ISI analyst Mark Mahaney raised the price target on Meta Platforms Inc. (NASDAQ: META) to $305.00 (from $275.00) while maintaining a Outperform rating.

The analyst comments "Based on METAs reduced Totex guidance (Total Expenses), we are raising our FY23 EBITDA by 4% to... More

Mizuho positive on Meta Platforms (META) efforts to drive further efficiency

Mizuho Securities analyst James Lee provided positive commentary on Meta Platforms (NASDAQ: META) in a note to clients on Sunday, based on recent reports that the tech giant could initiate another round of layoffs at a similar scale to the last round at 13%... More

Upcoming job cuts at Meta to be roughly the same magnitude as last year's - WSJ

Shares of Meta Platforms (NASDAQ: META) rose 1.5% in after-hours trading Friday after the Wall Street Journal reported the company is set to lay off more staff over the coming months.

These job cuts are likely to be implemented in multiple rounds. Ultimately, Meta could cut as many jobs... More

Meta Platforms exploring decentralized social network for text updates - Reuters

By Scott Kanowsky

Investing.com -- Facebook-owner Meta Platforms Inc (NASDAQ: META) is exploring a standalone decentralized network for sharing text updates, Reuters reported on Friday.

In a statement published by the news agency, a Meta spokesperson confirmed earlier speculation... More

Needham & Company Reiterates Underperform Rating on Meta Platforms Inc. (META)

Needham & Company analyst Laura Martin reiterated an Underperform rating on Meta Platforms Inc. (NASDAQ: META).

"Our Underperform rating on META is based on 3 key issues we lose sleep over: META does not control its content, the bulk of which is user-generated... More

Meta exploring plans for Twitter rival

(Reuters) -Meta Platforms Inc is exploring plans to launch a new social media app in its bid to displace Twitter as the world's "digital town square".

"We're exploring a standalone decentralized social network for sharing text updates. We believe there's an opportunity for a separate space where creators and public figures can share timely updates about their interests," a Meta spokesperson told Reuters in an emailed statement.

Meta's app will be based on a similar framework that powers Mastodon, a Twitter-like service that was launched in 2016.

S&P 500 slumps as SVB Financial leads rout in banks ahead of Friday's jobs data

By Yasin Ebrahim

Investing.com -- The S&P 500 slumped Thursday, pressured by an SIVB-led slump in banking stocks just as investors remain on edge ahead of Fridays jobs report that many fear could come in hot and cement the return of aggressive Federal Reserve rate hikes.

The S&P 500 fell 0.3%, the Dow Jones Industrial Average fell 0.3%, or 184 points, the Nasdaq Composite was down 0.1%.

SVB Financial Group (NASDAQ: SIVB) slumped more than 55% after the bank announced a $2.25... More

Meta Platforms (META) target raised at Oppenheimer; FB/IG winning share from Twitter

Oppenheimer analyst Jason Helfstein raised the price target on Meta Platforms (NASDAQ: META) to $235 per share from the prior $220, citing higher advertising estimates as AI investments are beginning to drive improved targeting.

During Digiday's Media Buying Summit, analysts were talking to social media companies... More

Meta Platforms Inc. (META) PT Raised to $235 at Oppenheimer on Improved Targeting and Attribution Capabilities

Oppenheimer analyst Jason Helfstein raised the price target on Meta Platforms Inc. (NASDAQ: META) to $235.00 (from $220.00) while maintaining an Outperform rating.

"We are increasing our target to $235 (was $220) on higher advertising estimates as AI investments are beginning to drive improved targeting and SKAN 4.0... More

Active options: META RIVN GOOG COIN SNAP SI OXY MSFT PLTR NKLA

Active options: META RIVN GOOG COIN SNAP SI OXY MSFT PLTR NKLA

FBI chief says TikTok 'screams' of US national security concerns

WASHINGTON (Reuters) - China's government could use TikTok to control data on millions of American users, FBI Director Christopher Wray told a U.S. Senate hearing on Wednesday, saying the Chinese-owned video app "screams" of security concerns.

Wray told a Senate Intelligence Committee hearing on worldwide threats to U.S. security that the Chinese government could also use TikTok to control software on millions of devices and drive... More