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Meta (META) Soars on AI Pivot Amid Major Workforce Cuts and $600B Data Center Investment

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The Story

News Summary

  • Meta announces plans to cut 20% of its workforce to reallocate resources toward costly AI investments and acquisitions, signaling a strategic pivot to strengthen its AI capabilities and compete aggressively in the generative AI space.
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META price history

665.60 +4.89% over the displayed period

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