MARKET MOVERS

  • Meta's Virtual-Reality Deal Approved by Judge. The judge's ruling in favor of Meta and CEO Mark Zuckerberg mark an important victory for the company, as the acquisition of Within Unlimited was approved despite the FTC's objections.* While the judge agreed with the FTC on certain legal and factual arguments, this decision strengthens Meta's position and demonstrates the agency's ability to take similar cases in the future.
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  • Dell Cuts 6,650 Jobs Amid Plunging PC Sales. Dell announced that it will be reducing its global workforce by 5% (or 6,650 jobs) as the company struggles with declining demand for personal computers.* This move reflects broader market conditions, as Dell joins other tech companies in announcing significant job cuts.

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