Keyword → executive departure

Meta Platforms Tries to Rebound After 5.4% Slide to $567.58 — AI-for-Work Product Lead Exit Still Weighs

Meta Platforms shares attempted a premarket rebound Thursday after tumbling 5.4% to $567.58 on Wednesday, a drop that erased roughly $83 billion in market value. The slide followed Reuters reporting that Emily Dalton Smith, the executive leading Meta's AI-for-Work product effort, is departing the company just two months after being named to the role. Investors are weighing the departure against Meta's already-elevated 2026 capital expenditure forecast of $125 billion to $145 billion.