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In the past year, Meta has undergone significant transformations, particularly in its approach to workforce management. Meta’s decisions regarding layoffs have not only attracted attention but have had a substantial impact on the company’s financial performance. Meta incurred staggering losses totaling $16 billion, primarily attributed to its Metaverse endeavors, mainly its Reality Labs division responsible for Oculus goggles. This marked a significant increase from the previous year’s loss of $13.7 billion, with Meta reporting a loss of $4.6 billion in the final quarter of 2023. Meta’s Stock Surge And Improved Margins Despite these substantial deficits, Meta’s stock surged by 12% following recent updates, largely due to the company’s improved margins. Meta’s revenue increased by 16%, while operating income and profits surged by 62% and 69%, respectively. CEO Mark Zuckerberg has assured investors of further losses in the future due to ongoing investments in augmented reality/...
The time is now for Historically Black College and University (HBCU) student-athletes to get their due shine. One of the latest HBCU athletes lined up for a name, image, and likeness (NIL) deal is Fayetteville State University’s ( FSU ) defensive back Joshua Williams. According to a press release, Fuddruckers’ newest owner Nicholas Perkins will now aid a portion of the FSU football star’s school expenses in exchange for Williams making appearances at a Church’s Chicken restaurant — owned by Perkins. In June, Perkins acquired the Fuddruckers franchise for an estimated $18.5 million, which made him the largest franchise owner and the first African American to have total ownership of a national burger business, Essence reported. “I gravitated to the food-service business to put myself into a position to help bright, highly motived HBCU students like Joshua Williams,” Perkins said in a press release. “Joshua brings a level of determination and perseverance to the table that just can’t...