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Meta falls 1%: BofA cuts target, fears costly AI
Meta shares fall 1% to $681.47. BofA cuts its target from $885 to $820 and fears exploding AI costs and layoffs in May.
Rédaction ActuTradingil y a 2 mois
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layoffs
2 articles on layoffs
2 articles on layoffs
Meta shares fall 1% to $681.47. BofA cuts its target from $885 to $820 and fears exploding AI costs and layoffs in May.
Snap shares climb before the open after announcing 1,000 layoffs. Management promises $500 million in annualized savings by the end of 2026.