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Meta's Trading Volume Drops 26% to $7.051 Billion, Ranks Seventh in Market Despite 10% Gain Over Three Days
Generated by AI AgentAinvest Market Brief
Thursday, Apr 24, 2025 7:56 pm ET1min read
On April 24, 2025, Meta's trading volume reached $7.051 billion, a 26.12% decrease from the previous day, ranking seventh in the day's stock market.
(META) rose by 2.48%, marking its third consecutive day of gains, with a total increase of 10.00% over the past three days.Meta has recently conducted layoffs within its Reality Labs division, which focuses on virtual and augmented reality projects. This move follows earlier layoffs in February, where the company reduced its workforce by 5%, citing performance-based terminations. The latest cuts have affected various teams within Reality Labs, including those working on Oculus Studios and hardware development.
Despite these layoffs, Meta continues to recruit for 495 open roles within Reality Labs, indicating a strategic shift in its focus. The company is reportedly moving away from its ambitious metaverse goals and redirecting resources towards artificial intelligence investments, even as it maintains commitments to VR technology.
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