Meta cuts down stock options for staff despite trading at record highs

Meta Platforms has cut back on its yearly distribution of stock options by about 10 per cent for tens of thousands of employees despite the social media giant trading at record highs this month, the Financial Times reported on Thursday.

Employees receive equity refreshers every year that make up the majority of their remuneration, alongside base salaries and annual bonuses, the FT reported. These stack and “vest” every three months over four years.