Human nature is a funny thing. A few years ago, when the stocks formerly known as FANG were leading the markets higher, it seemed like everybody wanted a piece of the action. The FANG stocks were expe...
Tag: Meta
A love affair with Meta stock: Does Cramer owe the investment community an apology?
Many Meta Platforms Inc (NASDAQ: META) shareholders have seen their impressive gains wiped out after the social media turned meta company dropped a bombshell of a nasty report Wednesday afternoon. Met...
Meta Drops Out of Top 20 Most Valuable Companies amid Sustained Facebook Slip Up
The dwindling fortunes of Facebook has seen parent company Meta lose its position as one of the US top 20 companies ranked by market cap. Although Facebook was once one of the five most valuable US co...
What Meta’s Disappointing Earnings Mean For Tech Investors
Getty Images Key takeaways On Wednesday, Facebook parent company Meta reported disappointing quarterly earnings and forecast higher expenses through 2023 Meta stock plunged Thursday, shedding almost 2...
Apple Stock Takes On Meta
Apple CEO Tim Cook AFP via Getty Images Why is Meta so furious about Apple’s recent change to its App Store guidelines? As you probably heard, Apple now required iOS developers to process in-app purch...
Meta Stock Plunges 25% to 2016 Lows, Zuckerberg Calls for ‘Patience’
While Meta’s losses have been ballooning fast, company chief Mark Zuckerberg appeals for patience during its Metaverse transitions. He also remains confident that all of the company’s bets will pay-of...
Meta Stock Crashes Over 25% After Sharp Revenue Drop
In October of 2021, Facebook renamed its company name to Meta, highlighting the fact that, from thereon, the company’s primary focus would be on building the metaverse & not just being limited to ...
Mad Money’s Jim Cramer Apologizes for Being Wrong About Facebook Parent Meta After Stock Plunges – Featured Bitcoin News
The host of Mad Money, Jim Cramer, has apologized to investors for being wrong about Facebook parent Meta Platforms after its stock plunged to a record low. “I made a mistake here. I was wrong,” he sa...
Court Orders Meta (Facebook) To Pay Fine of $24.66M
The social media giant must pay $24,660,000 to settle 822 breaches. Meta has consistently raised objections to the regulations. Lately, the technology conglomerate Meta has become a hot topic of conve...
As Meta Profits Melt, Resonai, YOOM, And ForeVR Raise Millions
Meta’s 50% Profit Loss Has Investors On The Run. The most painful part was Meta Reality Labs’ 49% drop in revenue, due to slowing sales of its flagship product, the Quest 2. Not a confidence builder. ...
Jim Cramer said Meta shares had ‘nowhere else to go but up’ in June and now he’s really sorry
Jim Cramer suggested earlier this year that shares in Facebook parent Meta would go up. Today, he said he’s sorry. Very sorry. In early June, the colorful host of CNBC’s Mad Money told investors that ...
Metaverse losses top $3.6B for Meta with spending set to increase
Big Five technology player Meta is still burning cash through its metaverse research and development arm Reality Labs with a $3.67 billion loss posted for the third quarter of 2022, stating those loss...
Why the metaverse is good — even if Meta stock says otherwise: analyst
Meta has no choice but to spend billions of dollars on building out the metaverse if it wants to control its future, Goldman Sachs tech analyst Eric Sheridan argues. “Taking a step back from the...
Meta stock is in free fall
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 ne...
Meta Suffers $3.7B Loss In Metaverse
Meta’s Reality Labs suffered heavy losses in the third quarter of the year and hemorrhaged nearly $3.7 billion. Meta Still Struggling With Metaverse Dreams Reality Labs, which is the division respon...
Meta Reports A $3.67 Billion Loss In Its Metaverse Division, Signaling More Problems For The Company ⋆ ZyCrypto
Advertisement     Meta’s problems continue as it records a $3.67 billion loss in the third quarter of 2022. Mark Zuckerberg remains optimistic about the prospects of ...
Bitcoin holds steady as Google, Meta lead tech stock rout after missing Q3 targets
Bitcoin is holding above the psychological $20,000 level, despite major tech companies like Google and Meta missing their latest earnings targets — indicating a decoupling of the flagship crypto from ...
Meta Platforms, Teladoc, Credit Suisse
Check out the companies making headlines in midday trading Thursday. Meta Platforms — The Facebook parent slumped 22.4% after issuing weak guidance for the current quarter and missing earnings estimat...
Meta Stocks Plummet 20% as Reality Labs Cost Billions for the Third Quarter in a Row
It’s been exactly a year since Facebook rebranded itself as Meta following the announcement of its new flagship product, Horizon Worlds, which it plans to expand massively. For now, the platform is st...
Why is Meta stock tanking? ‘The wrong number at the wrong time,’ analyst explains
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 m...
Meta Suffers a Loss in Their Metaverse Sector
Facebook Reality Labs (FRL) divisions outlined a $2.8 billion loss in Q2, 2022. Shift from “Facebook” to “Meta” states Mark’s intention to get fully involved in the metaverse. Meta’s metaverse divisio...
Meta, Ford, Honeywell, Caterpillar & more
A sign is seen outside of the inaugural physical store of Facebook-owner Meta Platforms Inc in Burlingame, California, May 4, 2022. Brittany Hosea-Small | Reuters Check out the companies making headli...
Meta Shares Plummet 20% In Pre-Market After Q3 Revenue Decline
Topline Shares of Facebook’s parent firm Meta were down nearly 20% in pre-market trading, continuing a slide Thursday after the company’s third quarter earnings released a day earlier fell short of ex...
Stocks of Microsoft, Tesla, Meta and Robinhood
Quarterly earnings and nervousness in the markets on the realization that once geopolitical tensions are resolved everyone has the cards to get back on track, let’s take a look together at why and how...
Meta plunges -20% after hours on worse guidance, missing market expectations
Meta Platforms (NASDAQ:META) announced its Q3 2022 financial results yesterday after the market closed. It missed expectations and, more importantly, provided worse guidance than expected. As a result...
Meta Stock Falls As Metaverse-Driven ‘Reality Labs’ Posts $3.7B Loss
No one said the shift to web3 would be easy. That’s certainly the sentiment at Meta, which saw drops in sales and profits in their quarterly earnings announcement this week. Reality Labs, the tech-dri...
Dow Jones Futures: Meta Continues Tech Titan Meltdown; Apple On Deck
Dow Jones futures rose modestly overnight, along with S&P 500 futures and Nasdaq futures. Meta Platforms (META) plunged on earnings, though its spending splurge lifted several big tech suppliers. ...
Investors Flee Meta After Earnings
With this afternoon’s earnings report, Meta confirmed every criticism hurled against them. It was painful to watch. It’s a tough time for ad supported businesses. Google and Snap had their time in the...
Facebook Parent Meta Misses Revenue Estimates for Metaverse Division in Q3, Expects Losses to Grow in 2023
For the company as a whole, Meta reported adjusted quarterly earnings per share for the third quarter of $1.64, missing the analyst consensus estimate of $1.90, according to FactSet, while Meta’...
Meta, Ford, ServiceNow and more
Meta Platforms (META): A miss on earnings and soft fourth-quarter revenue guidance pushed shares lower in extended trading. Revenue for the quarter was $27.7 billion, better than the $27.4 billion exp...
Facebook earnings cut in half, Meta stock sinks toward lowest prices in more than 6 years
Facebook parent Meta Platforms Inc. on Wednesday became the latest tech titan tattooed by a precipitous drop in digital advertising, reporting less than half the profit it had in the same quarter a ye...
Opinion: Facebook and Google grew into tech titans by ignoring Wall Street. Now it could lead to their downfall
Alphabet Inc. and Meta Platforms Inc. became two of the most valuable companies in the world by largely ignoring Wall Street and its concerns about their spending and big-money acquisitions. Now, in t...