Meta (META) is a publicly traded Communication Services sector company. As of May 20, 2026, META trades at $602.69 with a market cap of $1.55T and a P/E ratio of 25.25. META moved +0.36% today. Year to date, META is -8.16%; over the trailing twelve months it is -5.03%. Its 52-week range spans $479.80 to $796.25. Analyst consensus is strong buy with an average price target of $817.71. Rallies surfaces META's financials, insider trades, hedge fund holdings, congressional trades, analyst ratings, and AI-generated research below.
What changed in META news today?
Meta to Cut 10% Workforce and Offer Rivals Free WhatsApp AI Access: Meta Platforms will eliminate about 10% of its workforce beginning May 20 as part of a companywide cost-cutting initiative. It also offered rival AI chatbots free limited access to WhatsApp’s Business API in Europe up to a set message threshold before charging fees to address regulatory scrutiny.
Meta to Cut 10% Workforce and Offer Rivals Free WhatsApp AI Access: Meta Platforms will eliminate about 10% of its workforce beginning May 20 as part of a companywide cost-cutting initiative. It also offered rival AI chatbots free limited access to WhatsApp’s Business API in Europe up to a set message threshold before charging fees to address regulatory scrutiny.
Does Rallies summarize META news?
Yes. Rallies summarizes META news with ticker-specific context, catalysts, source links, and AI-generated market summaries when news is available.
Is META research on Rallies investment advice?
No. Rallies provides research, data, and educational context for META. It does not provide personalized investment advice.
