Reported 2 days ago
Meta is set to announce its fourth-quarter earnings for 2024, with expected revenues of $47 billion and net income of $23.3 billion. CEO Mark Zuckerberg highlighted plans for significant investments in AI, ranging from $60 billion to $65 billion, including a large data center and growth in AI teams. Additionally, the company is implementing a 5% workforce reduction targeting low-performance employees amid changes in internal policies.
Source: YAHOO