In other recent news, Meta Platforms Inc. has announced plans to merge all videos on Facebook into a single format known as reels, allowing users to access creative tools without format restrictions. This change aims to simplify video creation and sharing on the platform. Additionally, Meta introduced new features on Threads, enabling users to view content from the fediverse, a network of interconnected social media servers. Users can now search and see posts from federated profiles directly within Threads. In financial news, Cantor Fitzgerald raised its price target for Meta to $807 from $676, maintaining an Overweight rating. This adjustment follows Meta's introduction of advertising in WhatsApp, which could potentially enhance earnings. Furthermore, Meta has been actively recruiting talent from OpenAI, offering significant signing bonuses, though OpenAI's CEO noted that none of their top employees have accepted these offers.