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The news: A leaked memo shows a hiring freeze at Meta for the rest of 2022 that will affect “almost every team.” This, and the company’s plan to cut investments, could delay the rollout of its ambitious metaverse plans. More on this: Insider previously reported that Meta had paused hiring certain levels of engineers, but […]
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(Reuters) – Australia and New Zealand Banking Group has been sued by a legislation agency for charging curiosity on some purchases by bank card holders which had been repaid on time for almost a decade, the events mentioned on Wednesday. The legislation agency, Phi Finney McDonald, filed a class-action swimsuit within the federal courtroom in […]
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Meta Faces Another Tough Quarter. One Analyst Sees More Trouble Ahead.
ABC Audio All Rights Reserved
April 14, 2022
Text size Evercore ISI’s Mark Mahaney set a short-term Underperform rating on Meta shares. NOAH BERGER / AFP / Getty Images There is growing consensus on the Street that Facebook parent Meta Platforms is headed for yet another rough quarter. Meta shares (ticker: FB) have fallen by about a third since the fourth-quarter earnings report, […]