Metaplatforms simply eliminate jobs. Does that make META stock a buy, sell or hold before the second quarter begins?
Big tech stocks have stayed afloat after last year’s surge, especially as companies invest billions in artificial intelligence and data centers. Meta Platforms (META), Facebook’s parent company, has felt the pressure. Advertising revenue growth is cooling from its pandemic peak and Meta is increasing spending on AI “superintelligence.” In that context, the latest shock came…