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Image source: Getty Images. The social media leader: Meta Platforms. Meta is the world's largest social media company. Its four core apps (Facebook, Instagram, Messenger, and WhatsApp) served a ...
Meta Platforms (formerly Facebook, Inc.) is a technology company that has acquired 91 other companies, including WhatsApp.The WhatsApp acquisition closed at a steep $16 billion; more than $40 per user of the platform.
The stock struggled to stay above the IPO price for most of the day, forcing underwriters to buy back shares to support the price. [32] At the closing bell, shares were valued at $38.23, [ 33 ] only $0.23 above the IPO price and down $3.82 from the opening bell value.
Market cap can be calculated by multiplying a company’s stock price by its shares outstanding. For example, a $10 stock with 1 billion shares outstanding would have a market cap of $10 billion.
WhatsApp (officially WhatsApp Messenger) is an instant messaging (IM) and voice-over-IP (VoIP) service owned by technology conglomerate Meta. [14] It allows users to send text , voice messages and video messages, [ 15 ] make voice and video calls, and share images, documents, user locations, and other content.
You need a ton of data to train AI models, and Meta has tons of first-party data on the 3.27 billion people who log on to Facebook, Instagram, WhatsApp, or Threads daily. AI models require tons of ...
[74] [75] During the 2022 stock market decline, Tesla stock fell 73% from $1.3 trillion in November 2021 to $495 billion at the end of 2022, including a 40% drop in December 2022 alone. [ 76 ] [ 77 ] [ 78 ] In response to the stock price declining over twice as much as the Nasdaq Composite index, Tesla CEO Elon Musk advised employees not to be ...
Stocks fell broadly on Friday as Wall Street closed out a holiday-shortened week on a down note. The losses were made worse by sharp declines for the Big Tech stocks known as the “Magnificent 7 ...