Meta (META) announced its plans to invest aggressively in AI Wednesday, hoping to harness the power this technology claims to offer as a means to compete with Google and Microsoft. However, the news sparked investor uncertainty as shares initially tanked 15%. They’ve settled at a loss of around 12% Thursday morning. The announcement came [...]
Meta (META) is starting 2024 with a statement, announcing its first-ever dividend after an impressive Q4 driven by a surge in advertising sales. The stock is up more than 20% in Friday morning’s trading session. The company grew revenue to $40.11 billion, a 25% increase year over year. Net income for the quarter jumped [...]
On Wednesday, Meta (META) delivered an impressive earnings report for the quarter that ended in June. CEO Mark Zuckerberg has been calling this the “year of efficiency” since February after the company took a step backward. Since then, it’s been smooth sailing. Meta’s revenue soared to $32 billion for the quarter, which was an [...]
Yesterday, Mark Zuckerberg and the Meta (META) team unveiled their latest product - Threads. While the release was slated for Thursday morning, the team started the party early. And as you can imagine, the app is already making waves. If you haven’t gotten the chance to see it yourself, it’s essentially Twitter in a [...]
After 3 consecutive quarters of declining revenue, the Facebook parent company Meta (META) finally turned things around. Wednesday, the company reported a 3% growth in sales that dramatically outperformed analyst expectations. On top of revenue growth, the company saw user growth that outperformed recent quarters. And looking ahead to the next quarter, Zuckerberg is [...]
Meta - the Facebook & Instagram parent company - waited until after trading hours yesterday to release their earnings report for Q4 of 2022. And it caused a frenzy in this morning’s trading session as the stock soared nearly 25% by 11:30 AM EST. What caused the hype, though? The company beat expectations [...]
Meta stock took a steep tumble this week and looks to be continuing the downward trend we’ve seen over the past year. This trend isn’t necessarily unique to Meta, either. Tech stocks as a whole are suffering this year amidst inflation, recession fears, and other external factors.But, there is one problem Meta, in particular, is [...]
