Episode Details

Meta, with its nearly eighty thousand employees, is trimming seven hundred jobs, primarily in Reality Labs, social media, sales, and talent acquisition. The company is shifting its focus towards AI, investing between one hundred fifteen billion and one hundred thirty-five billion dollars this year. Reality Labs, which has lost seventy-seven billion dollars since 2021, is closing VR studios and dropping projects. Meta is also introducing a new stock options plan for top executives, worth up to nine hundred twenty-one million dollars each, contingent on the companys market cap reaching nine trillion dollars by 2031.

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