Group 1 - Meta Platforms, Inc. plans to cut over 1,000 jobs from the Reality Labs division, reallocating resources towards AI wearables and phone features [1][2] - The job cuts will affect nearly 10% of employees within the Reality Labs group, while the company will continue to develop metaverse projects but with a reduced focus on VR headsets [2] - BofA Securities reaffirmed its Buy rating on Meta with a price target of $810, following the announcement of long-term partnerships with three nuclear energy companies to address power availability for data center expansion [3] Group 2 - Meta Platforms, Inc. operates in two segments: Family of Apps (FoA) and Reality Labs (RL), focusing on social media applications and connecting people [4]