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 shares rose nearly 6% in early trading on the announcement. Investors have had a positive reaction to the company’s belt-tightening efforts, with shares surging more than 53% since the ...

Meta’s shares are up 70% this year ... First, Zuckerberg has created the impression that his margins can soar with fewer people and that, at the same time, he can roll back other expenses ...

Despite the banking crisis, the market puts nearly 90% odds on another quarter-point interest rate hike Wednesday afternoon.

The stock of Meta Platforms Inc. (META) has seen a -3.10% decrease in the past week, with a -2.14% drop in the past month, ...

Edward Jones analyst David Heger upgraded Meta shares META, +0.19% to buy from hold late Friday, writing of his increased optimism in the company’s earnings outlook due to expense reductions and ...

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 ...

Does Meta Quest have free shipping? There’s no need to worry about additional shipping costs, Meta Quest offers free shipping on all devices! Once you’ve ordered from Meta Quest, you’ll ...

Get Free Report, J.D., FedEx has been all about, cost cutting these past few months, seems to be paying off. Their revenue ...

This discourages corporations from lending to invest in growth. Meta shares may soar toward previous levels. Wall Street likes companies that trim costs aggressively. Risks Meta is stubbornly ...