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Meta's AI initiatives are likely to be a key aspect of how it monetizes products and services going forward, while bringing more users and customers into the AI fold. Whereas Meta's headset is priced for mass-market adoption, Apple's headset is clearly a premium device targeted to those who demand the most cutting-edge technology — such as micro-OLED lenses with eye-tracking capabilities . Similarly, JMP Securities argued that the event "highlights Meta's AI tailwinds," which could "unlock additional advertising budgets with new chat-based customer service." Meanwhile, we expect adoption of Meta's Quest 3 hardware to grow. But the integration of the Meta AI assistant into that platform should ultimately make the glasses a more valuable product over time.

Persons: Ray Ban, Jim Cramer, Bing, Ray, Meta, Jim Cramer's, Jim, Mark Zuckerberg, Josh Edelson Organizations: Meta's, Meta, EssilorLuxottica, Apple, Microsoft, JMP Securities, CNBC, AFP, Getty Locations: Menlo Park , California

☆ Meta Quest 3: Zuckerberg unveils mixed-reality VR headset
▼ + stars: | 2023-09-27 | by ( Jennifer Korn | ) edition.cnn.com time to read: +4 min

New York CNN —Meta is moving forward in its efforts to dominate the AR world with the new and improved Meta Quest 3. Unveiled by CEO Mark Zuckerberg at the company’s virtual Meta Connect event Wednesday, the headset starts at $500 and is a complete redesign of earlier models. The Meta Quest 2 allows for strictly virtual reality, while the Meta Quest Pro has advanced passthrough cameras for seeing your actual surroundings, but it costs a whopping $1,000. Meta CEO Mark Zuckerberg unveils the Meta Quest 3 at Meta Connect in Menlo Park, California, on September 27, 2023. To get ahead of Apple’s June unveiling of the Vision Pro, Zuckerberg teased the Meta Quest 3 just days before its rival’s big announcement.

Persons: Mark Zuckerberg, ” Zuckerberg, Zuckerberg, Meta, Morgan Stanley Organizations: New, New York CNN, Meta, Pro, Meta Connect, Facebook, Quest, Apple Vision, Vision, Street, IDC, Apple Locations: New York, Menlo Park , California

☆ Meta Connect: All the details on Quest 3, Ray-Ban smart glasses, AI chatbots
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +3 min

Meta CEO Mark Zuckerberg delivers a speech, as a pair of Ray-Ban smart glasses appear on screen, during the Meta Connect event at the company's headquarters in Menlo Park, California, U.S., September 27, 2023. AI CHATBOTS, STICKERSMeta unveiled more than two dozen chatbots that will work within its social media applications. The company announced Meta AI Studio, a platform for developers to build custom AI chatbots. RAY-BAN SMART GLASSESMeta announced new generation Ray-Ban smart glasses, priced at $299. The smart glasses will also have Meta AI built in, with the ability to give information on the item a user is looking at.

Persons: Mark Zuckerberg, Carlos Barria, Snapdragon, Meta, Microsoft's Bing, Bear Grylls, Chloe Kim, Josh Richards, RAY, Yuvraj Malik, Shounak Dasgupta Organizations: Meta, REUTERS, Gaming, Facebook, United States, Thomson Locations: Menlo Park , California, U.S, WhatsApp, United, Bengaluru

☆ Mark Zuckerberg takes the stage later today for Meta's annual conference. Get ready for new AI chatbots.
▼ + stars: | 2023-09-27 | by ( Associated Press | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg is set to talk about AI and the new Quest 3 on Wednesday at Meta Connect. Meta's developers are working on AI, but the team will have to compete with ChatGPT. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Much like tech peers Google and Microsoft, Meta has long had a big research team of computer scientists devoted to advancing AI technology. But it's been overshadowed as the release of ChatGPT sparked a rush to profit off of "generative AI" tools that can create new prose, images, and other media.

Persons: Mark Zuckerberg, —, TikTok, Yoram Wurmser, Zuckerberg, Meta, it's, ChatGPT Organizations: Meta Connect, Facebook, Service, —, giant's, Meta, Google, Microsoft Locations: , California

Announcements at Meta Connect, Meta's biggest event of the year, will indicate how Zuckerberg plans to navigate the shift this year of investor fervor to artificial intelligence from augmented and virtual reality technologies. Developers will be watching to assess what apps they might create for Meta's latest hardware devices, such as a new Quest virtual reality headset due out this fall. The Wall Street Journal initially reported the plan to announce generative AI chatbots at Connect. Just before the event, Meta said it was delivering on a plan announced early last year to roll out mobile and web versions of its flagship social VR platform Horizon Worlds. It also quietly added legs to its previously upper-body-only virtual reality avatars, as spotted by industry blog Upload VR.

Persons: Dado Ruvic, Mark Zuckerberg, Zuckerberg, Meta, Katie Paul, Anna Tong, Miral Organizations: Facebook, REUTERS, FRANCISCO, Meta, Street Journal, Thomson

☆ Insider Today: Finance's next generation
▼ + stars: | 2023-09-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

This post originally appeared in the Insider Today newsletter. Tech: An Amazon exec told employees the tech giant's RTO plans could take up to three years. An Amazon exec told employees the tech giant's RTO plans could take up to three years. Insider is again highlighting some of the brightest young minds in finance with our annual list of Wall Street's rising stars. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: —, Harrison, Alyssa Powell, Michelle Abrego, Luna McKeon, Michael Dunn Goekjian, Anne, Victoire Auriault, Goldman Sachs, Jack Dillon didn't, Thom Browne, Dillon, Patrick McGoldrick, Pat, Liu Jie, That'll, Jeffrey Epstein, Jes Staley, Epstein, Bill Tompkins, Donald Trump, it's, Austin Harris, Chris Pizzello, Ron DeSantis, Mike Pence, Vivek Ramaswamy, Mark Zuckerberg, Lil Wayne, Avril Lavigne, Jenna Ortega, Gwyneth Paltrow, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, Amazon, Jack Dillon didn't nab, Vista Equity Partners, New England Patriots, Morgan Asset Management, Getty, Verizon, JPMorgan, US Virgin Islands, SVP, Microsoft, FTC, Federal Trade Commission, AP, Fox Business, Florida Gov, Meta, Publishing Locations: Xinhua, Delta, Northern California, San Francisco, Florida, New York City, San Diego, London, New York

☆ These 5 Club stocks have defied the S&P 500's recent slide
▼ + stars: | 2023-09-25 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

September has been unkind to stocks – living up to its historical reputation as the weakest month for the S & P 500 . Still, some Club stocks have been able to buck the downward trend since the start of the month — and none more so than Humana (HUM). The health insurer advanced 7.3% through Friday's close, putting it among the top-10 performing stocks in the S & P 500 over that stretch. In a year largely characterized by outperformance in technology stocks, health care has been one of the worst S & P 500 sectors . The stock entered Monday's session down more than 11% in 2023, the third-worst of any Club stock.

Persons: Jim Cramer, Jim, Centene, Molina, it's, Ford's outperformance, –, Shawn Fain, Ford, Honeywell's outperformance, Vimal, Morgan Stanley, Kupar, Darius Adamczyk, Jim Cramer's Organizations: Federal Reserve, Treasury, CVS Health, Molina Healthcare, McKesson Corp, Humana, Costco Wholesale, Ford, Costco, Club, Detroit, General Motors, Chrysler, United Auto Workers, GM, UAW, Reuters, Honeywell International, Meta, Street Journal, Morgan, CNBC, New York Stock Exchange, View Press, Getty Locations: Friday's, Kupar, New York

☆ How do you do, fellow kids: Facebook is rolling out new AI characters to lure Gen Z users. But their personalities are a bit... dated.
▼ + stars: | 2023-09-25 | by ( Sebastian Cahill | Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Meta is hoping to gain more Gen Z customers with new AI chatbots. The bots are based on outdated characters that aren't as resonant with a Gen Z audience. Aside from the awkward summation of Gen Z humor, Bender might be a touch behind what kids are watching today. AdvertisementAdvertisementMeta's attempt at being Gen Z's 'North Star'Meta also misses the mark on what Gen Z humor is — often absurdist, incredibly fast-moving, "anti-humor." AdvertisementAdvertisementThis doesn't mean, however, that Gen Z is fully onboard with AI bots.

Persons: Gen, Meta, Bob, Bender, it's, —, Z's, millennials, ChatGPT, Alvin, Mark Zuckerberg, Snapchat Organizations: Service, Meta Connect, Street Journal, Meta, Facebook Locations: Wall, Silicon, TikTok

☆ Here are Friday's biggest analyst calls: Netflix, Apple, Walmart, Arm, Ralph Lauren, Wells Fargo and more
▼ + stars: | 2023-09-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Deutsche Bank reiterates Wells Fargo as buy Deutsche Bank said it's standing by its buy rating on the stock. " BTIG initiates Instacart as neutral BTIG initiated the stock with a neutral rating mainly on valuation. Raymond James initiates Ralph Lauren as outperform Raymond James said in its initiation of Ralph Lauren that it has "strengthening direct-to-consumer." Oppenheimer reiterates Netflix as outperform Oppenheimer lowered its price target on the stock but said it's standing by its outperform rating on shares of Netflix. "Following CFO comments at competitor conference, we are lowering '24E/'25E margins and reducing target to $470 from $515, but maintaining Outperform rating on revenue outlook."

Persons: Goldman Sachs, it's, Meta's, Raymond James, Ralph Lauren, Wells, Wells Fargo, Oppenheimer, Morgan Stanley, XOM, Jefferies, Chris Rolland, downgrades Deere, Canaccord, Bernstein, underperform Bernstein Organizations: Constellation Brands, Deutsche Bank, WFC, Citi, Meta Citi, Meta's, Meta, CART, Bank of America, Apple, of America, Boeing, Communications, Cable, UBS, Netflix, Jefferies, Susquehanna, Semiconductor, Deere, HSBC, Walmart, Procter, Gamble, Procter & Gamble Locations: China, EBITDA

☆ Big Tech profits are set to surge in the second half: How our 6 stocks stack up
▼ + stars: | 2023-08-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Collectively, these six long-term holdings are expected to boost profits by 87% in the second half, up from 27% in the first half, according to estimates from FactSet. Nvidia 1st half earnings growth: 103% 2nd half expected earnings growth: 371% Investor excitement in Nvidia, already high, was lifted even further by the company's recently reported fiscal second quarter , which blew expectations out of the park. Amazon 1st half earnings growth: 266% 2nd half expected earnings growth: 297% The company's second quarter North America segment posted an operating margin of 3.9%, impressing investors like us with a 620-basis-point improvement over the last five quarters. That's why earnings growth for the second half of 2023 looks lighter than the recently reported fiscal fourth quarter of 2023 . Apple 1st half earnings growth: 2% 2nd half expected earning growth: 11% The iPhone maker had a "muted start" to the second half as consumers wait for the September release of the iPhone 15, said analysts at Loop Capital.

Persons: there's, Zev Fima, Morgan Stanley's, Wedbush, Morgan Stanley, Oppenheimer, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Big Tech, Nvidia, Microsoft, Apple, Investing, NVIDIA, Amazon, Meta, Facebook, Meta Connect, Management, Google, YouTube, Bank of America, Loop, CNBC, Getty Locations: FactSet, America, 2H23, Taipei

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Cinemark, Nvidia, Meta, Berkshire Hathaway & more
▼ + stars: | 2023-08-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's sticking with its overweight rating after Apple's quarterly 10-Q report. Morgan Stanley upgrades Laureate to overweight from equal weight Morgan Stanley said the education company is a beneficiary of nearshoring. Morgan Stanley reiterates Palo Alto Networks as overweight Morgan Stanley said the company has a "differentiated" and "disruptive" platform. " UBS reiterates Berkshire Hathaway as buy UBS said it's standing by its buy rating on shares of Berkshire after its earnings report Saturday. Morgan Stanley reiterates Cinemark as overweight Morgan Stanley said it's standing by its overweight rating on Cinemark as the success of "Barbie" and "Oppenheimer" has "squashed" the theatrical bear case.

Persons: Morgan Stanley, Apple, DA Davidson, Andy Jassy, Wells, Holley, it's, Raymond James, Charles Schwab, Schwab, EchoStar, Guggenheim, Berkshire Hathaway, Cinemark, Oppenheimer, Truist, Piper Sandler, Piper, MNST, Wright Organizations: UBS, Meta, Facebook, Bank of America, Nvidia, U.S ., Networks, Alto Networks, United Airlines, Berkshire, Comcast, CNBC, Monster Beverage Locations: WhatsApp, nearshoring, United, Berkshire, NBCUniversal

☆ Chinese state media rebuke Mark Zuckerberg over reported plan to sell Quest headsets
▼ + stars: | 2023-07-05 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., speaks during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022. for a virtual future. A Chinese state-controlled media outlet published a harsh critique of Meta CEO Mark Zuckerberg on Wednesday, accusing the billionaire of essentially "shooting himself in the foot" when it came to the Chinese markets. The editorial, translated from Mandarin, said that Zuckerberg's past criticisms of Chinese companies, including ByteDance's TikTok, essentially amount to self-sabotage of his efforts to sell in China. Zuckerberg has been a critic of both specific China-based companies and widespread Chinese corporate espionage. "I think it's well documented that the Chinese government steals technology from American companies," Zuckerberg testified before Congress in 2020.

Persons: Mark Zuckerberg, Meta, Tencent, ByteDance's, Zuckerberg, Tim Cook, Elon Musk, Sen, Tom Cotton, Sundar Pichai, Apple's Cook, Pichai Organizations: Meta, Inc, Street Journal, Apple, Tesla, Google, Microsoft, Department of Justice, Department of Homeland Security Locations: New York, Beijing, China

☆ Meta's heated rivalry with Apple enters new phase as the tech giants go after headsets
▼ + stars: | 2023-06-05 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +5 min

But Apple hasn't said exactly when Vision Pro will be available, only that it will be early next year. Meta's Quest family of VR headsets include the $300 Quest 2 and the $500 Quest 3, which will be available in the fall. Apple CEO Tim Cook stands next to the new Apple Vision Pro headset is displayed during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. And Apple has its own new operating system for the Vision Pro that it's calling visionOS. "And we believe Apple Vision Pro is a revolutionary platform that can make our vision a reality."

Persons: Mark Zuckerberg, Michael Nagle, Leo Gebbie, hasn't, Zuckerberg, Cook, Tim Cook, Justin Sullivan, visionOS, Bob Iger, Iger, We're, Meta didn't Organizations: Meta, Inc, Bloomberg, Getty, CCS, Vision, VR, Labs, Apple, Google, Facebook, Apple Vision, Apple Worldwide, Disney Locations: New York, Covid, Cupertino , California, Brussels

☆ Meta just suffered a major Facebook ad glitch that has advertisers asking about refunds
▼ + stars: | 2023-04-26 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +6 min

Michael Nagle | Bloomberg | Getty ImagesOver the weekend, Alex Gorlick experienced what he called the worst Facebook glitch he's seen in the decade he's worked in digital advertising. A spokesperson for Facebook parent Meta acknowledged there was an ad glitch but declined to provide details or an explanation as to why it happened. Additionally, the Facebook ad bug impacted companies running ads tied to Earth Day. Hott noted that Facebook experienced a major ad glitch a day before Black Friday in 2020 as well as another similar bug earlier that summer. The main issue for advertisers will be whether they get refunds from Meta because of the glitch, industry experts said.

☆ Meta's Reality Labs records $3.99 billion quarterly loss as Zuckerberg pumps more cash into metaverse
▼ + stars: | 2023-04-26 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Meta CEO Mark Zuckerberg keeps racking up losses from his metaverse investments while downsizing his social media company through cost cuts. In its first-quarter earnings report on Wednesday, Meta said its Reality Labs unit, which is tasked with building the virtual reality and augmented reality technologies for the futuristic metaverse, recorded a $3.99 billion operating loss. The numbers show a slowdown from last quarter, when Reality Labs lost $4.28 billion on $727 million of revenue. For all of last year, Reality Labs recorded an operating loss of $13.72 billion on $2.16 billion in sales, underscoring how VR and AR technologies have yet to reach the mainstream. In March, Meta cut the price of its Quest 2 VR headset as well as the high-end Quest Pro.

☆ Meta's job cuts are gutting customer service, leaving influencers and businesses with nobody to call
▼ + stars: | 2023-04-05 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +13 min

As part of the company's two rounds of layoffs, equaling roughly 21,000 job cuts, Meta gutted wide swaths of its customer service operation, leaving influencers and businesses with nobody to contact about their accounts. CNBC spoke with influencers, small businesses and Meta account managers as well as a half-dozen former contractors and former Meta employees about the deterioration in customer service at the company since the job cuts began in November. Holliday said it appears that the only people who get customer service are those who represent a company that's spending heavily on advertising. However, some influencers say Facebook has had such poor customer service that there's no reason to pay for it. After all the problems she's experienced, Karlova questions whether Meta will be able to provide better customer service.

☆ Meta's Q4 beat and commitment to cost cuts is exactly what we've been waiting for
▼ + stars: | 2023-02-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Meta Platforms (META) reported a fourth-quarter earnings beat Wednesday, while CEO Mark Zuckerberg labeled 2023 the "year of efficiency" in an effort reassure nervous investors like us that the technology giant is serious about controlling costs following a period of severe overspending. Bottom line Meta Platforms delivered what it needed to Wednesday evening, prioritizing efficiency in a sluggish revenue environment. But the real kicker was that management lowered Meta's expenses outlook — by $5 billion. The company said this evening its click-to-message ads is now at a $10 billion revenue run rate, a significant development. Mark Zuckerberg, chief executive officer of Meta Platforms Inc., speaks during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022.

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022. Analysts were expecting Reality Labs to record an quarterly operating loss of $4.36 billion on revenue of $715.1 million, according to StreetAccount. In July, Meta announced it was raising the price of its Quest 2 VR headset by $100. Meta then debuted its more expensive Quest Pro VR headset in October, pitching it to companies as an enterprise-workplace device for $1,500. This week, Meta is running a sale on its high-end VR headset, shaving off $400 for a limited time.

☆ It's too early to share Wall Street's renewed optimism for mega-cap tech stocks
▼ + stars: | 2023-01-06 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Some Wall Street analysts are starting to like Big Tech again, following the sector's beatdown in 2022. What Wall Street is saying Piper Sandler called out Club stocks Alphabet (GOOGL) and Amazon (AMZN) as top buys. As a result, Snapchat (SNAP) and Club name Meta Platforms (META) can now only track your activity outside of their own apps if you allow it. Piper analysts note that year-over-year comps for Amazon will be easier in 2023 than they were last year. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Testing Meta’s Quest Pro VR headset with CNBC Technology Executive Council members
▼ + stars: | 2022-11-18 | by ( Susan Caminiti | ) www.cnbc.com time to read: +3 min

Much of this vision hinges on Meta's $1,500 Quest Pro headset, which went on sale last month. The new virtual reality headset has some noted improvements over the mass consumer $400 Quest 2 headset model (which will remain on sale, though a Quest 3 is expected next year) — notably better sound and sensors. The Quest Pro can track your eyes and face, so your avatar can make the same faces that you do. Meta is betting that businesses, not consumers, are going to be the first big market for the Pro headset. Mark Zuckerberg, chief executive officer of Meta Platforms Inc., demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022.

☆ Microsoft brings casual games Minesweeper and Solitaire to Teams to spruce up virtual meetings
▼ + stars: | 2022-11-16 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Next time you're bored on a Microsoft Teams call, try joining your colleagues in a game of Minesweeper. Microsoft on Wednesday added a collection of casual games to its Teams chat and calling service as the company tries to get people to spend more time in the app. Teams is now available on most popular devices, and desktop software developers including Adobe and SAP have developed Teams integrations. By adding games, Microsoft is trying to sprinkle some fun into the equation and perhaps even strengthen bonds at work. The classic Klondike game, for example, is part of the Microsoft Solitaire Collection app for Windows.

☆ Meta shares pop 7% as Wall Street rallies around layoffs
▼ + stars: | 2022-11-09 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., speaks during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022. for a virtual future. Shares of Meta jumped more than 7% Wednesday after the company announced it will lay off more than 11,000 employees. Analysts at UBS were encouraged by Meta's announcement Wednesday and said they believe the layoffs are a clear sign that the company "gets it." The analysts reiterated their buy rating on Meta shares and said they liked Zuckerberg's comment about becoming "more capital efficient" in his employee memo. "We think Meta cost reductions – across opex and capex - signals that the company hears investors, and we think the shares can move higher," they wrote in a Wednesday note.

☆ Cramer: Meta layoffs show Mark Zuckerberg 'got religion' on costs, but he must cut more
▼ + stars: | 2022-11-09 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Jim had been calling on Meta and other tech companies for months to recognize the severity of the global macro headwinds and to reduce their costs. As a knock-on effect, this capex reduction from Meta may be causing some of the pressure we're seeing in semiconductor stocks, an area that caught a bid following Meta's initial expense guide. Reduction of annual capex by at least $5 billion; instead management guided for a $2 billion 2023 capex reduction at the high-end of its previous range, as mentioned this in more detail earlier. Management initially guided for total expenses in 2022 to be in the range of $91 billion to $97 billion. Mark Zuckerberg, chief executive officer of Meta Platforms Inc., speaks during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022.

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Meta said Wednesday it plans to lay off more than 11,000 employees, or 13% of its workforce. Meta had 87,314 employees on September 30, 2022, according to its third-quarter earnings report. Such a move has been expected by employees for months, as Insider previously reported. FacebookZuckerberg said that affected US employees would get 16 weeks of severance plus an extra two weeks for every year of service. Affected employees would also still get their restricted stock unit vesting on November 15, he said.

☆ Meta could begin large-scale layoffs this week, report says
▼ + stars: | 2022-11-06 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

An avatar of Mark Zuckerberg, chief executive officer of Meta Platforms Inc., speaks during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022. Facebook parent Meta could begin large-scale layoffs as soon as Wednesday, according to a report from the Wall Street Journal. The layoffs are expected to impact thousands of employees, the report said, and the move would mark the first major headcount reduction in Meta's history. A Meta spokesperson declined to comment and referred CNBC to Zuckerberg's comments on the company's latest earnings call last month. In aggregate, we expect to end 2023 as either roughly the same size, or even a slightly smaller organization than we are today."

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