文|有风 编辑|有风 最近科技圈有点热闹，Meta刚上线新绩效体系"Checkpoint"，转头就传出RealityLabs部门裁了1500人， 初还要再裁5%。 这哪是调整，简直是给行业扔下颗炸弹。 Meta这次的新体系来得有点突然，年底悄悄上线的"Checkpoint"，说白了就是要把绩效评估变简单。 以前的体系复杂到啥程度？听内部人说，光评级就分好几个档，写个评估报告能把人熬秃，反馈还慢得 像蜗牛。 新体系直接砍了不少流程，评级标准也更聚焦结果，比如项目成果、团队贡献这些硬指标。 奖励机制也变了味，高绩效员工能拿到更多股票和晋升机会，低绩效的呢？据说连续两次不达标就得走 人。 这不就是明着告诉大家，要么拔尖，要么卷铺盖。 扎克伯格早些时候喊的"激烈之年"，现在看可不是说说而已，这新体系就是他手里的指挥棒，逼着所有 人往前冲。 毕竟在AI技术狂飙的当下，科技巨头们都在忙着重新洗牌，绩效体系和组织架构成了必改项。 今天咱就从Meta说起，看看这场资源重配风暴到底会怎么影响你我。 Meta的"Checkpoint"，从绩效评估到资源洗牌 更有意思的是AI工具掺和进来了，Meta搞了个AI绩效助手，能自动分析员 ...

Core Viewpoint - Meta Platforms is positioned for significant growth due to its extensive user base, strong financial performance, and advancements in AI technology, making it a prime candidate for a stock split in 2026 [4][11]. Company Overview - Meta Platforms has a user base exceeding 3.5 billion daily users across its platforms, including Facebook, Instagram, WhatsApp, Messenger, and Threads, providing a vast audience for advertisers [5]. - The company is the second-largest digital advertiser globally, following Alphabet's Google, driven by its extensive user data that enhances targeted advertising [6]. Financial Performance - In Q3, Meta reported revenue of $51.2 billion, a 26% year-over-year increase, with adjusted earnings per share rising to $7.25, reflecting a 20% increase [6]. - Over the past decade, Meta's revenue has increased by 852%, and adjusted net income has surged by 959%, contributing to a stock price increase of 535% [10]. Market Trends - Global ad spending is projected to exceed $1 trillion by 2026, with social media advertising expected to grow by 16% in the coming year [7]. - Meta's advancements in AI, particularly with its Llama model, are enhancing content quality and user engagement, leading to a 10% increase in average ad prices [8][9]. Stock Split Potential - Meta has not conducted a stock split since its IPO in 2012, despite being the only stock among the "Magnificent Seven" that has not done so [10]. - With a current share price above $600 and a lower earnings multiple compared to its peers, Meta is seen as a strong candidate for a stock split [12]. Investment Case - The combination of consistent growth, industry leadership, and attractive valuation makes Meta an appealing investment opportunity ahead of a potential stock split [14].

Core Insights - Meta's smart AR glasses, Ray-Ban Display, achieved a remarkable 6% market share in the smart AR glasses category within its first sales quarter, driven by unprecedented demand in the U.S. market [1][31] - Due to this strong demand, Meta has paused its international expansion plans for early 2026 to prioritize U.S. orders, with a waiting list extending to 2026 [1][31] - Meta plans to double the production capacity of Ray-Ban glasses to 20 million units by 2026, reflecting heightened expectations for future sales [2][31] Market Dynamics - The tech industry recognizes that crossing the 10 million unit threshold is crucial for establishing a sustainable ecosystem, where developers can profit and content can circulate positively [4][33] - Meta's decision to increase production capacity suggests that it has surpassed this critical threshold, indicating confidence in the product's market viability [5][34] - The expansion in production capacity also serves a defensive purpose, as competitors like Google are intensifying their focus on the smart AR glasses market [6][35] Technological Advancements - The shift from Micro LED to LCoS technology in Ray-Ban Display is a key factor in its market success, addressing core pain points in AR glasses [8][38] - The LCoS technology has led to significant product optimizations, including a reduction in price from over $1,000 to $799, making AR glasses more accessible [10][41] - The cost of optical components typically accounts for 30%-40% of the total bill of materials (BOM), making this price reduction critical for market penetration [11][40] User Experience Improvements - The new product design focuses on meeting everyday practical needs rather than just providing a novelty experience, enhancing usability for consumers [15][45] - Features like teleprompter and translation functions cater to high-frequency use cases, improving the overall practicality of the device [17][46] - The LCoS technology also allows for lighter weight and better battery life, with Ray-Ban Display offering up to 4 hours of use, compared to competitors that struggle with battery longevity [22][52] Industry Implications - The AR glasses production chain mirrors that of smartphones and electric vehicles, suggesting that upstream suppliers may benefit more initially than manufacturers [25][55] - Companies like Guangfeng Technology, which specialize in optical components, are positioned to thrive due to their established expertise and technological barriers [28][58] - The AR glasses market is expected to grow significantly, with a focus on the supply chain's stability and the potential for strong scale effects as demand increases [29][59]

The Central Consumer Protection Authority (CCPA) has initiated suo motu action against e-commerce platforms for listing and selling unauthorised walkie-talkies in violation of the Consumer Protection Act, 2019 and telecom laws, issuing final orders against eight entities and imposing penalties totalling ₹44 lakh. Notices were issued to 13 e-commerce entities -- Chimiya, JioMart, Talk Pro, Meesho, MaskMan Toys, TradeIndia, Antriksh Technologies, Vardaanmart, IndiaMart, Meta Platforms Inc. (Facebook Marketpla ...

Market Overview - Global markets are facing a mix of geopolitical risks, political uncertainty, and structural tailwinds, making stock selection critical for investors in 2026 [2] - U.S., European, and Japanese equities are expected to rise in 2026, but gains will be smaller compared to the previous year, with over half of market participants anticipating a correction [3] - Investor sentiment has been affected by recent "black swan" events, creating a "wall of worry" that markets have historically climbed [4] Methodology for Stock Selection - The list of best stocks was curated from the top 40 hedge fund holdings tracked by Insider Monkey, assessing analyst sentiment and upside potential [7] - The strategy has historically outperformed the market, returning 427.7% since May 2014, significantly beating its benchmark [8] Company Highlights Meta Platforms, Inc. (NASDAQ:META) - Hedge Fund Holders: 273, Upside Potential: 26.30% [10] - Wells Fargo lowered its price target from $802 to $795 but remains optimistic about Q4 earnings and 2026 outlook, projecting EPS of $31-$32 [11] - The company is expected to benefit from the release of the next-generation Llama model and associated AI-driven products [12] - Meta has secured long-term power purchase agreements for electricity from U.S. nuclear plants, reflecting rising demand for AI and data centers [13] - Focuses on social media and immersive technologies through its Family of Apps and Reality Labs segments [14] Boston Scientific Corporation (NYSE:BSX) - Hedge Fund Holders: 102, Upside Potential: 28.00% [15] - Announced acquisition of Valencia Technologies to expand its Urology franchise into implantable tibial nerve stimulation [16] - The eCoin System addresses a large market of overactive bladder, with only 19% of affected adults receiving treatment [16] - Goldman Sachs lowered its price target from $124 to $112 while maintaining a 'Buy' rating, focusing on organic growth in 2026 [18] MercadoLibre, Inc. (NASDAQ:MELI) - Hedge Fund Holders: 109, Upside Potential: 28.50% [19] - Over 90% of analysts are bullish, with a consensus price target of $2,800 [19] - Cantor Fitzgerald highlighted the potential for revenue growth driven by AI efficiencies, despite the sector trading 20% below medium-term valuations [20] - Wedbush reduced its price target from $2,800 to $2,700 while maintaining an 'Outperform' rating, citing increased spending and competition concerns [21] - Known for its leading e-commerce and fintech ecosystem in Latin America [22] Uber Technologies, Inc. (NYSE:UBER) - Hedge Fund Holders: 143, Upside Potential: 28.70% [23] - Facing a lawsuit that could significantly impact financial exposure and regulatory standing [24] - Management asserts that safety measures are in place, including background checks and partnerships with advocacy groups [25] - Operates a global technology platform connecting consumers with mobility, delivery, and freight services [26] Snowflake Inc. (NYSE:SNOW) - Hedge Fund Holders: 102, Upside Potential: 29.40% [27] - Announced acquisition of Observe to enhance its AI Data Cloud capabilities [28] - The platform aims to address the $51.7 billion IT operations management market, focusing on efficient anomaly detection [29] - Analyst sentiment is mixed, with Barclays downgrading the stock while Goldman Sachs initiated coverage with a 'Buy' rating [30] - Focuses on cloud-native data warehousing and enabling secure, scalable AI and analytics [31]

Notices were issued to 13 ecommerce entities -- Chimiya, JioMart, Talk Pro, The CCPA found that platforms were facilitating the sale of Personal Mobile Radios (PMRs) operating outside the license-exempt frequency band, without Equipment Type Approval (ETA) certification or proper disclosure of licensing requirements. Penalties of Rs 10 lakh and Rs 1 lakh imposed The authority imposed penalties of Rs 10 lakh each on Meesho, Meta Platforms Inc. (Facebook Marketplace), Flipkart, and Amazon, and Rs 1 lakh ea ...

Core Insights - Meta's recent layoffs in its Reality Labs division have put the popular VR fitness app "Supernatural" in a state of crisis regarding updates [1][4] - The app, launched in 2020 and acquired by Meta in 2022, has been a consistent top performer in Meta's VR app store [4] - The layoffs have led to a reduction in the app's team, resulting in no new songs or courses being added, while the annual subscription fee of $100 remains unchanged [4] - Users have expressed strong disappointment on social media, urging Meta to reinvest in the app [4] - The changes are part of Meta's strategic shift towards AI, moving away from the loss-making VR and metaverse business, which also includes the shutdown of three internal VR game studios [4]

Group 1 - Meta has conducted significant layoffs in its Reality Labs division, impacting the popular VR fitness app "Supernatural" which is now facing a content update crisis [1][4] - "Supernatural," launched in 2020 and acquired by Meta in 2022, has been a consistent top performer in Meta's VR app store, combining fitness courses with VR gaming experiences [4] - The layoffs have led to a reduction in the app's team, resulting in no new songs or courses being added, while the annual subscription fee of $100 remains unchanged, causing user dissatisfaction [4] Group 2 - The changes are part of Meta's strategic shift to redirect funds towards the AI sector, moving away from the loss-making VR and metaverse businesses [4] - In addition to "Supernatural," three internal VR game studios have also been shut down as part of this strategic realignment [4]

Core Insights - The Wikimedia Foundation announced a partnership with major tech companies including Amazon, Microsoft, and others to establish paid agreements for the use of Wikipedia content in AI model training, marking a shift from web scraping to legal data acquisition [1][4] Group 1: Partnership Details - The collaborations have been formalized over the past year and were previously kept confidential [4] - Companies will utilize Wikimedia's enterprise services to integrate human-governed knowledge resources on a large scale [4] Group 2: Financial Implications - The Wikimedia Foundation, as the largest non-profit encyclopedia platform, hosts over 65 million entries in more than 300 languages, making it a vital source of high-quality data for AI training [4] - The previous free scraping practices led to increased server load and operational costs, while the foundation's primary revenue relied on small public donations [4] - The new paid collaboration model provides a sustainable revenue stream for the non-profit organization [4] Group 3: Value of Knowledge - A spokesperson from the foundation emphasized that the long-term development of AI companies depends on the accumulation of human knowledge, and that paid partnerships respect knowledge producers [4]

Core Viewpoint - 康耐特光学's stock price increased by 8.51% to HKD 59.30, with a trading volume of HKD 115 million, following news of Meta and EssilorLuxottica's plans to double AI smart glasses production by the end of the year to meet growing demand and stay ahead of competitors [1][5]. Group 1: Company Developments - Meta is discussing with EssilorLuxottica to increase AI smart glasses production capacity to 20 million units or more by the end of 2026, as sales of Ray-Ban Meta glasses begin to rise [1][5]. - Long江证券 indicates that Meta's increased investment in smart glasses is expected to accelerate industry development [1][5]. Group 2: Market Forecast - According to Wellsenn XR, global sales of AI smart glasses are projected to reach 7 million units by 2025, representing a nearly 360% increase, with Meta expected to sell 5 million units [1][5]. - By 2030, global sales of AI smart glasses are anticipated to reach 90 million units, indicating rapid growth potential [1][5]. - Meta's plan to double the production capacity of Ray-Ban AI glasses to 20 million units by 2026 reflects its confidence in the sales potential of AI glasses [1][5]. Group 3: Industry Insights - The smart glasses industry involves multiple supply chain segments, including lens manufacturing and eyewear sales channels, highlighting the importance of leading companies like 康耐特光学 [1][5].