The company is downsizing its army of VPs, which numbered around 300 as of last year.
Meta investors have been fretting an ad-buying slowdown from China e-commerce retailers. This analyst is bullish.
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the middle part of the second quarter of 2024 showed a big divergence of returns.