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”
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”
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%”
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”
Social media company Twitter reported worse than expected third quarter earnings Tuesday with a net $537 million loss. However $TWTR revenue growth outpaced the increase in users. Apple’s iOS 14.5 privacy change impact on Q3 revenue compared with Q2 “remained modest.”
Social media beast Facebook reported mixed third quarter earnings after the close Monday. $FB guiding inline and warning on uncertainty from Apple IOS changes that saw $SNAP lose 26% last week. Launched $50 Billion Buyback program as transitions from social media company to a metaverse company in coming years. Facebook Inc. (NASDAQ: $FB) Report Earnings After Close Monday $3.22 Beat $3.17 EPS AND $29.01 Bil Beat $29.45 billion Revenue Forecast Earnings release: after market; conference call: 5 p.m. Facebook Q3 … Continue reading “Facebook Issues $50 Billion Buyback Among Troubled Earnings Release”
Social media beast Facebook reported better than expected second quarter earnings after the close Wednesday. $FB stock lost around 4% after guiding total revenue growth rates to decelerate significantly on a sequential basis. Sees itself transitioning from a social media company to a metaverse company in coming years.
The European Commission announced the Digital Services and Digital Markets Acts in their battle to reign in the control and influence of tech giants who could face hefty fines up to 10% of annual global revenue for non-compliance and breakups. In the sights are social media platforms and online market places.
Social media company Twitter reported better than expected third quarter earnings Wednesday beating on revenue and earnings BUT missed on key user metrics sending the stock down 17%. Investors are concerned for advertising revenue growth with $TWTR blatant political meddling.
Social media company Snap, owner of Snapchat reported better than expected third quarter earnings expectations with revenues up 52% year-over-year and a adjusted EPS of $0.01 versus a loss of $0.04 last year. Daily active users rose by 18% year-over-year to 249 million.