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Stockreport

Meta's metaverse reversal nods to tech's new mantra: AI or the highway [Business Insider]

Microsoft Corporation (MSFT)  More Company Research Source: Business Insider
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Have an account? Log in This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here Like a helicopter too heavy for lift off, tech companies are ditching anything they don't view as essential to get their AI plans off the ground. Meta is planning to cut its metaverse division's budget by as much as 30% and considering job cuts as part of the move, writes BI's Jyoti Mann and Pranav Dixit. The decision comes as tech companies look to pare back anything not directly focused on giving them an edge in the AI wars. Investors loved the move, with the stock finishing the day up almost 3.5%. For Meta, ditching the metaverse has been a long time coming. (We actually declared it dead back in checks notes May 2023 .) During Meta's most recent earnings call, the word "metaverse" wasn't even used once It's quite the reversal from when the metaverse was the literal inspiration for the entire company's rebrand f [Read more]
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Stockreport

Meta's metaverse reversal nods to tech's new mantra: AI or the highway [Business Insider]

Microsoft Corporation  (MSFT) 
More Company Research Source: Business Insider
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Have an account? Log in This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here Like a helicopter too heavy for lift off, tech companies are ditching anything they don't view as essential to get their AI plans off the ground. Meta is planning to cut its metaverse division's budget by as much as 30% and considering job cuts as part of the move, writes BI's Jyoti Mann and Pranav Dixit. The decision comes as tech companies look to pare back anything not directly focused on giving them an edge in the AI wars. Investors loved the move, with the stock finishing the day up almost 3.5%. For Meta, ditching the metaverse has been a long time coming. (We actually declared it dead back in checks notes May 2023 .) During Meta's most recent earnings call, the word "metaverse" wasn't even used once It's quite the reversal from when the metaverse was the literal inspiration for the entire company's rebrand f [Read more]
IMPACT SNAPSHOT
EVENT TIME:
MSFT
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS