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Two senior Meta executives, Dan Neary and Kate Hamill, are leaving the company. Neary led Meta's Asia-Pacific growth; Hamill strengthened US advertising.
Meta on Thursday debuted the Facebook Friends tab, a new feature that's part of CEO Mark Zuckerberg's pitch to revive the original spirit of his social networking app, or "OG Facebook" as he called it. "The new Friends tab is a throwback to OG Facebook when you only saw friends' status updates," Zuckerberg said in a post about the feature.
Meta Platforms stock, the only on in the Magnificent Seven in positive territory this year, still faces risks on the regulatory and economic fronts.
A new Friends Tab will feature posts from a user's friends and relatives, which was the original mission of the app.
The “Magnificent Seven” group consisting of Tesla TSLA, NVIDIA NVDA, Alphabet GOOGL, Microsoft MSFT, Amazon AMZN, Apple AAPL and Meta META is showing signs of a rebound lately as evident from 3.3% uptick on March 24, 2025. The group was heavily beaten-down over the past month.
If the market recovery continues, internet stocks like Meta Platforms will likely lead the way higher.
Two former Meta artificial intelligence executives have raised $15 million for Yutori, a startup that will develop AI personal assistants, the company said on Thursday.
Like many companies, Meta Platforms (META -2.42%) started 2025 splendidly, performing well through the first few weeks of the year. And like many of its peers, the tech giant's shares have dipped in the past month due to a combination of factors, with President Trump's trade wars playing a prominent role.
The Nasdaq, an index that roared higher over the past two years, spent most of March doing just the opposite. The benchmark slid into correction territory earlier in the month, meaning it fell more than 10% since its most recent high back in December.
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