Meta Platforms Stock Soars 20% After Initiates Dividend, Strong Engagement Trends

Social media beast Meta Platforms, owner of Facebook shares soared around 20% after earnings beats by $0.51, beats on revs and guiding Q1 revs above consensus. Meta Initiated a quarterly dividend of $0.50/share and also announced a $50 billion increase to share repurchase program. The company said it is experiencing strong engagement trends across apps and capex growth will be driven by investments in servers and data centers as it invests in AI. All the bad was forgiven at the … Continue reading “Meta Platforms Stock Soars 20% After Initiates Dividend, Strong Engagement Trends”

Meta in Freefall as Profits Halved and Lowers Guidance

Social media beast Meta, owner of Facebook shares were savaged around 20% to levels last seen in July 2016. META reported third quarter revenue and EPS missed as it posted a net profit of $4.39 billion, or $1.64 a share, down from $9.2 billion, or $3.22 a share last year. META also warning going forward. This was the fourth quarter in a row Meta’s bottom line has fallen. The company hasn’t experienced such a slump since the fourth quarter of … Continue reading “Meta in Freefall as Profits Halved and Lowers Guidance”

Meta First Ever Decline in Revenue with Tik Tok Competition and Soft Digital Advertising

Social media beast Meta, owner of Facebook reported worse than expected second quarter earnings after the close Wednesday. $FB guiding lower, and revenue and EPS missed as it posted a net profit of $6.7 billion for the second quarter, the third quarter in a row Meta’s bottom line has fallen. The company hasn’t experienced such a slump since the fourth quarter of 2012. Q2 daily active user base rose to 1.97 billion users. Up from 1.96 billion three months ago. … Continue reading “Meta First Ever Decline in Revenue with Tik Tok Competition and Soft Digital Advertising”

Meta Earnings Release Better Than Expected Offers Relief Boosting Stock 15%

Social media beast Meta, owner of Facebook reported better than expected first quarter earnings after the close Wednesday. $FB guiding lower, and revenue missed but beat on EPS. Daily active users, which declined in the fourth quarter for the first time, bounced back a bit from 1.93 billion to 1.96 billion. $FB was up 15.1% after earnings, the stock fell 26% after the dismal Q4 results. Facebook Inc. (NASDAQ: $FB) Reported Earnings After Close Wednesday $2.72 beat EPS $2.56 expected … Continue reading “Meta Earnings Release Better Than Expected Offers Relief Boosting Stock 15%”

Meta Platforms Stock Plummets 25% as Earnings Meet Reality

Social media beast Metal Platforms (nee. Facebook) reported dismal fourth quarter earnings after the close Wednesday. $FB missed EPS estimates and issued downside 1Q22 revenue. It wasn’t lost on the market the negative divergence versus that of GOOG and raised a red flag for Twitter (TWTR) Snap (SNAP) and Pinterest (PINS).  The uncertainty from Apple IOS changes are still weighing heavily on FB’s advertising. Full functionality of the metaverse may be years away, if ever. It is essential for FB to turn its advertising … Continue reading “Meta Platforms Stock Plummets 25% as Earnings Meet Reality”

Facebook Stock Tanks After Revenue Miss, User Growth Slowing

Social media beast Facebook reported second quarter earnings after the close Wednesday which saw the stock slammed 17% after it missed revenue targets. $FB appeared to have shrugged off pressure since the data privacy scandal broke but daily user growth slowed to 11%.

Facebook Shrugs off Data Privacy Scandal, Rallies 7% After Earnings

Social media beast Facebook reported better than expected first quarter earnings after the close Wednesday. $FB has been under pressure since the data privacy scandal broke andconcerns over engagement. The stock rallied over 7% after the release however.