Stock Movers Meta Platforms Falls, Delta Air Lines Drops, L3Harris Technologies Rises
Jan 13, 2026
Nora Melinda, a Bloomberg television markets correspondent, dives into the latest market shifts. She reveals that Meta Platforms is grappling with a stock drop amid job cuts in its Reality Labs, as it pivots toward AI-powered wearables. Delta Airlines faces a setback with a cautious profit forecast, hinting at tighter times ahead. Meanwhile, L3Harris Technologies sees a stock rise with a significant $1 billion investment from the Department of Defense, aimed at enhancing missile production capabilities. It's a whirlwind of market movements!
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Meta Redirects Reality Labs To AI Wearables
- Meta is cutting over a thousand Reality Labs jobs to shift focus to AI wearables and phone features.
- Investors reacted negatively, sending META shares down roughly 2% as they reassess strategy.
Metaverse Bet Became A Cultural Moment
- Nora recalls Meta's pivot from the metaverse after it failed to take off as once predicted.
- She mentions the high-profile cultural moments and memes that accompanied Zuckerberg's bet on the metaverse.
Treat Guidance Misses As Red Flags
- Expect cautious market reactions when companies guide below analyst estimates.
- Watch airline earnings and guidance closely, since Delta's 2026 EPS midpoint missed Street expectations.