META spent three months trading in a range around $575 in late-2024, which is where investors should expect the stock to find support. Shares of META remain in a long-term bull market trend with a price target of $700.

The CEO of Meta, Mark Zuckerberg, informed his employees through a memo about the decision to cut approximately 5% of its workforce this year. The entrepreneur warned that 2025 will be an intense year.

Meta’s plan to achieve 10% “non-regrettable" attrition by the end of the current performance cycle led to the 5% jobs cut