Meta Platforms (FB); Former Facebook

[winston]

not vested

Meta Platforms Inc. – Further reduction in costs
Recommendation : NEUTRAL (Maintained); TP: US$200.00, Last Close: US$204.93

META recently announced another round of job cuts, laying off ~10,000 (~12% of current workforce), and further removing ~5,000 vacant positions.

META’s plans include removing multiple layers of management, and automating more functions to improve efficiency.

We reduce FY23e OPEX by ~3% as a result of the planned job cuts.

As a result, FY23e EBITDA/PATMI is increased by 3%/4% respectively.

We maintain ACCUMULATE with a raised DCF target price of US$200.00 (prev. US$182.00), a WACC of 7.1%, and a terminal growth rate of 3.5%.

Source: Phillips

https://www.stocksbnb.com/reports/meta- ... -in-costs/

[behappyalways]

Meta Recruiter Says She Was Paid $190,000 Per Year To Do Nothing
https://www.zerohedge.com/political/met ... -do-noting

[behappyalways]

人裁光了就再找? Meta搶人才 祖克伯開出年薪三千萬招募設計師 延續元宇宙夢想 Meta裁員省錢聚焦重點業務│記者 許庭瑋│【國際大現場】20230412│三立新聞台
https://m.youtube.com/watch?v=3WeUQyPPkV4

[behappyalways]

Disney, Meta Prepare To Eliminate Thousands Of More Jobs
https://www.zerohedge.com/markets/disne ... sands-jobs

[winston]

not vested

Meta Platforms, Inc. (META) is slated to reveal its first-quarter earnings on Wednesday, April 26, after the closing bell.

Analysts estimate earnings of $2.02 per share and revenue of $27.61 billion, down from earnings per share of $2.72 and revenue of $27.9 billion in the same quarter last year.

Source: Investor Place

[winston]

not vested

Mark Zuckerberg Has Dumped the Metaverse for His Newest Obsession

by COLETTE BENNETT

Many of Meta's top execs are now refocusing on artificial intelligence, investors and analysts alike are concerned that this is just another wild goose chase that's caught Zuck's fancy.

Source: The Street

https://www.thestreet.com/technology/ma ... BObsession

[behappyalways]

Meta Soars After Top- & Bottom-Line Beat; 'Metaverse' Losses Grow, MAUs Disappoint
https://www.zerohedge.com/markets/meta- ... disappoint

Is this bullish?
https://twitter.com/Mayhem4Markets/stat ... 2726176772

[winston]

not vested

Facebook - Stock Analyst Research
Target Price* USD 235.00
Recommendation NEUTRAL

Meta Platforms Inc. - Results beat on higher ad sales, cost discipline

1Q23 revenue and earnings modestly beat expectations on higher Ad sales. 1Q23 revenue/PATMI at 23%/20% of our FY23e forecasts.

Investments in AI driving improvements in ad tech, with Reels user engagement and monetization starting to ramp up.

Optimistic outlook with 2Q23e revenue guidance of 7% YoY growth at the midpoint (11% YoY top-end), while reducing FY23e total expense growth by 5%. Expectations for a final wave of headcount cuts in May 23.

We increase our FY23e revenue estimates by 3%, and our FY23e PATMI/EBITDA estimates by 11% to reflect better-than-expected improvements in cost savings.

We maintain NEUTRAL due to recent stock price performance, with a raised DCF target price of US$235.00 (prev. US$200.00), a WACC of 7.1%, and a terminal growth rate of 3.5%.

Source: Phillips

https://www.poems.com.sg/stock-research/META/

[behappyalways]

Technology geeks become titans! The first Brazilian jiu-jitsu competition Zuckerberg "wears gold and silver" Taiwanese martial arts masters as coaches, good results fell through everyone's glasses

科技宅男變悍將! 首次巴西柔術賽佐克伯"穿金戴銀" 台裔格鬥好手當教練 好成績跌破眾人眼鏡｜記者 楊駿宗｜【國際大現場】20230510｜三立新聞台

https://m.youtube.com/watch?v=-8RUxKUQq7o

[behappyalways]

The Meta's new round of layoffs focuses on business! Three rounds of layoffs totaled more than 20,000 employees Zuckerberg cuts the cost of the metaverse...Assets soared by 1.36 trillion
Met新一輪裁員盯上業務!三輪共砍逾2萬員工 祖克柏削減元宇宙成本...資產暴增1.36兆｜非凡財經新聞｜20230521
https://m.youtube.com/watch?v=vS90xjL0D6Q


Meta fined a record $1.3 billion over EU user data transfers to the U.S.
https://www.cnbc.com/2023/05/22/meta-fi ... e-us-.html