Bull v. Bear: META Cuts Workforce 20% as AI CapEx Soars

Welcome back to Fast Market right here on Schwab Network. Right now, the Dow Jones Industrial Average up 321 points. The S&P's up 55 points.This after selling off last week. The S&P dropped 1.6% last week and it was down for the third week in a row. We're watching shares of Meta rising.A report from Reuters that the company is planning to lay off about 20% over 20% of its workforce in order to help to cover some of the costs from the massive investment in AI infrastructure. Meta employed about 79,000 people ...