The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On March 16, Meta announced plans to lay off 20% or more of its workforce to offset heavy spending on artificial intelligence, leading to a 3% rise in its shares. On March 24, Meta was ordered to pay $375 million for child safety violations. On April 3, Morgan Stanley lowered its price target for Meta shares to $775 due to a softer advertising environment and forecasts of below-consensus revenues. Additionally, Meta is boosting its investment in the AI data center in West Texas to $10 billion.