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Meta appoints new India chief amid key departures in its biggest market

Meta has appointed Sandhya Devanathan to lead its India business after several high profile departures in the key overseas market. The social behemoth said Thursday that Devanathan, who joined the company in 2016 and helped grow the company’s business in Singapore and Vietnam, was appointed head and vice president of Meta India. Devanathan. In 2020, …

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Stock market rally amid FTX blast and Facebook-parent layoffs, says investors could whistle past recession graveyard

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Investors stunned by last week’s strong rally in stocks may want to listen to Tom Waits’ song, 1978’s “Whistlin’ Past the Graveyard,” to sober up the dangers that still lurk. The surge in stocks catapulted the S&P 500 SPX index, +0.92% TO SPY, +0.97% almost back to the 4,000 mark on Friday, also taking it …

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Meta Layoffs Caught Workers By Surprise: ‘I Thought I’d Be Clear In This Layoff’

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Earlier this week, a technical recruiter at Meta (META) thought the layoffs wouldn’t affect her, she told Yahoo Finance. She performed well on the job, always meeting or exceeding the expectations of a company that had made it a priority to attract engineering talent for years. She was also in her third trimester of pregnancy. …

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Facebook parent company Meta to lay off 11,000 employees | CNN Business

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New York CNN Business — Facebook parent company Meta announced on Wednesday that it was laying off 11,000 employees, marking the largest job cuts in the tech giant’s history. The job cuts come as Meta faces a series of challenges to its core business and makes an uncertain and costly bet on pivoting to the …

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US stocks end higher, Meta jumps as investors eye mid-terms

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Meta Platforms mobilizes after job cuts report Apple slips as COVID-19 curbs iPhone production in China Closing of indices: S&P 500 +0.96%, Nasdaq +0.85%, Dow +1.31% Nov 7 (Reuters) – Wall Street ended sharply higher on Monday as investors focused on Tuesday’s midterm elections that will determine control of Congress, while shares of Meta Platforms …

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Stocks that move the most at noon: Carvana, Meta, Palantir, Viatris, Walgreens and more

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Budrul Chukrout | SOPA Pictures | Light flare | Getty Images Check out the companies making the biggest moves at midday: carvana – Carvana shares fell more than 15%, with trading briefly halted at one point due to volatility. The selloff comes after the used-car seller’s worst day on Friday, when the company lost profits …

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Meta Stock: Mr. Market Shorted Zuckerberg; The future of media is here

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Liia Galimzianova/iStock via Getty Images Investment thesis Big Tech stock price year-to-date Looking for Alpha Meta Platforms, Inc. (NASDAQ: META) continued to be slaughtered after its FQ3’22 earnings call, with a fall of -73.74% since the start of the year against the broader market destruction of -22.48% in the S&P index 500. Yet others like …

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Meta Stock: Mr. Market Shorted Zuckerberg; The future of media is here

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Meta Stock: Mr. Market Shorted Zuckerberg; The future of media is here Read More »

Apple briefly topped the combined market value of Amazon, Alphabet and Meta this week

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Apple’s market value this week briefly eclipsed the combined value of Alphabet, Amazon and Meta, according to market data by Yahoo finance. When the markets closed earlier this week, Apple had a market value of $2.307 trillion, while the market value of Amazon, Alphabet and Meta combined was $2.306 trillion. Alphabet leads the pack with …

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Bulls on Meta Stock have a big problem: Mark Zuckerberg

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(Bloomberg) – Mark Zuckerberg made Meta Platforms Inc. one of the biggest companies in the world, but some investors now see him as an obstacle to the stock rallying after a historic sell-off. Bloomberg’s Most Read Facebook’s parent company has fallen 72% this year, with earnings last week pushing shares to their lowest level since …

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