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Shares of Meta Platforms (NASDAQ: META) rose today as the social media giant benefited from a cooler-than-expected inflation report, the company's announcement yesterday that it would lay off 5% ...
The company’s stock was up more than 21% after Meta reported a 25% jump in year-over-year revenue for the fourth quarter on Thursday. Partly fueling that increase may be Zuckerberg’s ...
Meta's advertising revenue came in at $38.7 billion in the fourth quarter, beating expectations for $37.8 billion. The company also reported 2.11 billion Facebook daily active users.
2 reasons Meta stock is exploding 20% after a whopper earnings miss. Brian Sozzi. February 2, 2023 at 11:50 AM ... Facebook Daily Active Users (DAUs) – 2 billion actual versus 1.98 billion expected.
Analysts expect Meta to exit 2024 with almost $162 billion in revenue, which would be a 20% increase over last year. Earnings, meanwhile, are expected to jump by 43% to $21.29 per share.
The social media company just gave shareholders a lot to be happy about.
In November 2024, TechCrunch reported that Meta were considering building a $10bn global underwater cable spanning 25,000 miles. [106] In the same month, Meta closed down 2 million accounts on Facebook and Instagram that were linked to scam centers in Myanmar, Laos, Cambodia, the Philippines, and the United Arab Emirates doing pig butchering scams.
Meta reported earnings per share of $4.71 in the quarter on revenue of $36.46 billion. Wall Street was anticipating EPS of $4.30 on revenue of $36.12 billion, according to analysts' estimates ...