Facebook employee take a photo in front of new Meta Platforms Inc. sign outside the company headquarters in Menlo Park, Calif., Thursday, Oct. 28, 2021. Tony Avelar/AP
Tony Avelar/AP
Meta has had a tough few weeks.
The parent company of Facebook and Instagram has lost two pivotal court cases, laid off hundreds of people and taken steps that appear to amount to a U-turn on the Metaverse, a virtual reality project that CEO Mark Zuckerberg once heralded as the future.
Analysts say Meta’s hard pivot to artificial intelligence, underscored by tens of billions of dollars in investment, has been a