Thread: Facebook (Meta)

FB has managed to shave $200 billion off their market cap in one day making it the largest one day drop ever for US company.

Testifying in the METAVERSE . . . . . LOL




..

Interesting - Open gap from post Covid crash rally getting filled.

Just saw this: Facebook bans Russian state media from advertising and monetizing content on its platform
https://www.foxbusiness.com/technolo...their-platform
Could this help redeem FB (cough....) sorry, Meta back to being a buy??? I'd throw a chunk of money at it if I thought it was gonna shoot up a decent amount.

CaptureCV.PNG

I wonder how much money we're talking about here? Losing revenue isn't a good thing for their bottom line, but maybe it's peanuts, I don't know.

Originally Posted by Epic

Just saw this: Facebook bans Russian state media from advertising and monetizing content on its platform
https://www.foxbusiness.com/technolo...their-platform
Could this help redeem FB (cough....) sorry, Meta back to being a buy??? I'd throw a chunk of money at it if I thought it was gonna shoot up a decent amount.

FACEWHAT? skunk.gif

Originally Posted by tsptalk

I wonder how much money we're talking about here? Losing revenue isn't a good thing for their bottom line, but maybe it's peanuts, I don't know.

Probably peanuts. Looks like Russia ranks 37th on total users by country here https://worldpopulationreview.com/co...ers-by-country

Facebook Parent Meta Expected to Post Slowest Revenue Growth Since IPO

The earnings are set to be released after markets close on Wednesday.

Social-media company faces growing competition for users and privacy headwinds in advertising business

Facebook parent Meta Platforms Inc. FB -2.36% ▼ is expected to post its slowest revenue growth on record as the company navigates growing competition for users and privacy headwinds in its advertising business.

Meta’s stock price was battered in February when it posted quarterly results that showed a sharper-than-expected decline in profit, a gloomy revenue outlook and a drop in its daily active users.

Since that report, Meta shares have fallen nearly 44%, and the company has lost nearly $388 billion in market value.

https://www.wsj.com/articles/meta-pl...hare_permalink

Facebook / Meta has been a dog for a while now, beaten down more than 50% off its 2021 highs. Last earnings season left a big whole in this chart. The whole meta thing may be costing them in the short term.

With expectations so low, is there an upside surprise bounce to be had here, or is this company toast? They report after the bell today.

Facebook shares spike on better-than-expected quarterly earnings

Meta’s earnings per share for the first quarter topped analysts’ estimates.

Revenue came in below expectations, as did the company’s forecast for the second quarter.

As of Wednesday’s close, the stock was down almost 50% for the year.

https://www.cnbc.com/2022/04/27/meta...-earnings.html

Up 18% after hours

Facebook’s stumbling ad business lies at the center of tech earnings week

Facebook parent Meta will report second-quarter earnings on Wednesday, sandwiched in between the other Big Tech companies on Tuesday and Thursday.

Facebook’s online ad business has been hurt by Apple’s iOS update and a weakening economy.

Snap reported disappointing earnings last week, raising concern about what’s in store for Meta.

https://www.cnbc.com/2022/07/25/-fac...earnings-.html