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The news sent Meta shares popping more than 14% in after-hours trading Thursday. Thursday’s report marked the fourth quarter of Meta’s self-described “year of efficiency,” which Zuckerberg ...
Meta's advertising revenue came in at $38.7 billion in the fourth quarter, beating expectations for $37.8 billion. The company also reported 2.11 billion Facebook daily active users.
The Meta as a "cheap" stock narrative is also supported by a peek at valuation versus recent historical norms. Meta's current forward price-to-earnings multiple is relatively in line with its ...
August 1, 2024 at 1:22 PM. The stock of Meta Platforms (NASDAQ: META) is making big gains today following its recent quarterly report. The company's share price was up 6.1% as of 12:30 p.m. ET on ...
Big Tech, also known as the Tech Giants or Tech Titans, [ 1] are the largest IT companies in the world. The concept of Big Tech is similar to the grouping of dominant companies in other sectors. [ 2] It typically refers to the Big Five United States tech companies: Alphabet, Amazon, Apple, Meta, and Microsoft; [ 3][ 4] or the Magnificent Seven ...
The company’s stock was up more than 21% after Meta reported a 25% jump in year-over-year revenue for the fourth quarter on Thursday. Partly fueling that increase may be Zuckerberg’s ...
Meta did not disclose just how many people are actually using Quest headsets on a daily basis. “Building the metaverse is a long-term project, but the rationale for it remains the same, and we ...
Those gains combined with Meta’s aggressive cuts and its promise of an efficient 2023 drove stock prices up around 15% in trading after-hours. Meta took a notable beating in 2022’s market ...