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Meta (META) Plunges on AI Model Delay and Layoff Rumors Amid Intense Tech Competition

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The Story

News Summary

  • Meta shares fell 3.8% as the company delays its AI model release, considers licensing Google's Gemini, and plans possible layoffs amid heavy AI spending and competitive pressure from other tech giants.
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META price history

648.03 +5.98% over the displayed period

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