CNBC’s Jim Cramer on Thursday used Facebook parent company Meta Platforms as a case study of why it sometimes pays off to hold downtrodden stocks. “When companies change their stripes, or when they’re incredibly well managed, or disciplined, or efficient, or when they invent amazing products and reinvent themselves on the fly, you should stick […]
News Zuck Talks Generative AI, Metaverse in Meta Earnings Call As Microsoft and partner OpenAI wow the world with AI advances, Meta CEO Mark Zuckerberg discussed his company’s priorities for generative AI and the metaverse in a Q4 earnings call. He said Meta is focused on AI, including the company’s discovery engine, ads, business messaging, […]
MT Newswires 2023 All news about META PLATFORMS, INC. Analyst Recommendations on META PLATFORMS, INC. Sales 2022 116 B – – Net income 2022 24 653 M – – Net cash 2022 35 321 M – – P/E ratio 2022 16,8x Yield 2022 – Capitalization 402 B 402 B – EV / Sales 2022 3,15x EV / Sales 2023 3,03x Nbr of Employees 87 […]
Rafael Henrique | Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in after-hour trading. Meta — The Facebook parent jumped 17% after the company announced a $40 billion stock buyback when reporting quarterly results. Meta beat analysts’ estimates for fourth-quarter revenue, according to Refinitiv. Meta also said it lost $13.7 […]
Facebook-parent company Meta has reportedly received a go-ahead from a court to complete its purchase of virtual reality startup Within Unlimited, after the US Federal Trade Commission (FTC) sought to block the deal saying the purchase could end the competition in the market.A report by Bloomberg cited people familiar with the ruling as saying that […]
Meta shares jumped on Wednesday after the social media company’s sales for the final quarter of 2022 came in better than expected and it authorised an additional $40bn in share buybacks. Meta, which owns Facebook, Instagram and WhatsApp, reported revenues of $32.2bn, a 4 per cent decline from the year before but at the top […]
A federal judge in the United States has reportedly given approval for tech giant Meta to move forward on acquiring a virtual reality company. According to a Feb. 1 report from Bloomberg, Judge Edward Davila in U.S. District Court for the Northern District of California denied an injunction by the Federal Trade Commission, or FTC, […]
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, arrives at federal court in San Jose, California, US, on Tuesday, Dec. 20, 2022. David Paul Morris | Bloomberg | Getty Images Meta reports fourth-quarter earnings on Wednesday as the company tries to reverse a slide that pushed the stock down by 64% last year. […]
Benchmark analyst Mark Zgutowicz remained Hold-rated on Meta Platforms Inc META before Meta’s 4Q report. The analyst did not see enough ’23 opex leverage to spark the stock price in a weak ad spend environment and lingering ROAS impact from Apple Inc AAPL ATT. With management determined to expand Reality Labs’ operating losses “significantly” in ’23, core ad-related (net) headcount cuts must continue […]