Tag Archives: Meta

Meta (META) shares plunged more than 22% on Thursday morning after the Facebook parent reported the prior day that its revenue declined last quarter and missed analysts’ expectations. The bad news comes as the social media giant pushes harder into the metaverse, the 3-D virtual world that inspired the company’s leadership to change its name. Not everyone’s sold on the change, and the numbers coming out of Meta and the broader macroeconomic environment certainly don’t help matters. “There is… Source link

Investors in Meta stock wanted to hear one thing on the embattled company’s earnings call late Wednesday: an acknowledgement by founder Mark Zuckerberg that leaner spending times were ahead as margins have been squeezed by an ill-timed metaverse build out and a slowing ad market. They heard the opposite. The social media platform outlined about 13% year-over-year expense growth for fiscal year 2023, well above the Street’s forecast of 7%. Meta will clearly continue to spend aggressively —… Source link

Meta (META) is gearing up to report its third-quarter earnings after the closing bell on Wednesday. Here’s what Wall Street’s expecting from Facebook’s parent company, as compiled by Bloomberg: Revenue: $27.4 billion expected Earnings Per Share (EPS): $1.88 expected Facebook Daily Active Users (DAUs): 1.86 billion expected The digital advertising slowdown had been top-of-mind for Meta and Big Tech overall heading into this week’s earnings. On Tuesday, Google parent Alphabet (GOOG, GOOGL) reported… Source link

Facebook parent company Meta Platforms (META) stock is getting cooked as the technology company spends money manufacturing virtual reality hardware, generating awareness, and finding friends for a future in the metaverse. The advertising budgets of its customers are tightening as companies restructure costs amid macroeconomic challenges — which even leads an optimistic analyst to say the third quarter for Meta Platforms is ‘make or break’. “I think the stock is back to questions around,… Source link

While the broader virtual reality industry earnestly waits for Meta’s next announcements around new VR products at its Connect event next week, Google’s venture arm GV is placing an interesting bet in a startup building up an ecosystem around some of Meta’s hardware. GV has led a $12 million Series A investment in SideQuest, the makers of an alternative app store for the Meta Quest VR headset, which allows developers to ship and market experimental games that may not initially… Source link

Meta (META) is having a rough year. The company’s stock price is down 57% year-to-date, torpedoing CEO Mark Zuckerberg’s personal wealth to the tune of $72 billion, according to Bloomberg’s Billionaire Index. While the macroeconomic climate is hammering the entire tech industry, Meta and other tech companies that rely on ad-based revenue face a unique headwind — Apple’s (AAPL) massive privacy shakeup called App Tracking Transparency. The feature, which allows users to determine if… Source link

A ‘key trend’ in latest Arab Youth Survey is ‘decline in news consumption’ DUBAI: Dubai-based PR agency ASDA’A BCW has published the results of its 14th annual Arab Youth Survey, described as the largest independent survey of its kind. This year’s findings are grouped under six themes: identity, livelihood, politics, global citizenship, lifestyle and aspirations. Having grown up in the internet age, it is perhaps no surprise that Arab youths are avid users of social media… Source link

What’s happening Facebook parent company Meta and Google… Source link

A 3D medical illustration of femur bones in the leg.Getty/yodiyim Workers from Google, Microsoft, Amazon, and Meta are paying $75,000 to be taller, a surgeon told GQ. The Las Vegas surgeon can lengthen patients’ legs via a painful months-long process. He breaks the thigh bones and inserts nails that are extended every day for three months. A Las Vegas cosmetic surgeon specializes in leg-lengthening procedures that can grow people’s height by 3 to 6 inches, as a new GQ profile said. Many of his… Source link

Photo: Andrey Popov/stock.adobe.com South Korea has issued its largest privacy fines ever to Google and Meta, parent company of the massively popular social apps Instagram and Facebook. Google and Meta are to pay up $50 million and $22 million, respectively. In a statement, the Personal Informational Protection Commission said that Google and Meta did not clearly inform users or obtain their consent as they collected information about their online… Source link