What's Going On With Meta Stock Monday

Meta Platforms, Inc META stock is trading up Monday amid several positive reports, including its collaboration with Magic Leap to maintain its edge in augmented reality against Apple Inc AAPL.
The Facebook parent is amid a multi-year intellectual property licensing and manufacturing deal with Magic Leap.
Meta is preparing to launch its Twitter Inc rival, codenamed “P92” and now dubbed “Barcelona,” in the summer of 2023.
Meta reportedly shared some screenshots of the new app with a limited number of creators, including Lia Haberman.
Interestingly, Meta-owned WhatsApp users can edit their messages for up to 15 minutes after sending them the same.
Meta will mark the Edited messages as edited alongside them without showing edit history and protect the edits by end-to-end encryption.
Also, Meta looks to let go of 6,000 more workers this week, per CEO Mark Zuckerberg.
Meta laid off 11,000 employees in November, and in March this year, Meta announced 10,000 job cuts again.
With the elimination of 4,000 positions so far, there are still 6,000 employees remaining on the list who will like in May this year, as per a report last week.
Price Action: META shares traded higher by 1.10% at $248.33 on the last check Monday.