Meta's stock drops 10%+ on weak Q2 revenue guidance and increasing FY 2024 capital expenditures from $30B-$37B to $35B-$40B due to AI infrastructure investments
should investors consider buying? Kathleen Gallagher / Business Post : Shares in Meta plummet as it forecasts spending spree TJ Denzer / Shacknews : Facebook (META) issues Q2 2024 revenue guidance bel...
Meta reports Q2 revenue up 11% YoY to $32B, net income up 16% YoY to $7.79B, and family daily active people up 7% YoY to 3.07B for June 2023; META jumps 10%+
but most of the new users came from outside the US and Canada Karissa Bell / Engadget : Meta had its best quarter since 2021 despite losing more money on the metaverse Abubakar Idris / The Messenger :...
As of Friday's close, Netflix had a $99.2B market cap, down from $300B+ in November 2021; Meta had a $532.6B market cap after passing $1T in June 2021
and gives the stock serious upside Shivdeep Dhaliwal / Benzinga : Facebook Parent Main Emerging Player In Metaverse Alongside Apple; Goldman Analysts See 89% Upside Tweets: Eric Jhonsa / @ericjhonsa :...
Snap reports Q1 revenue of $1.06B, up 38% YoY, vs. $1.07B est., global DAUs up 18% YoY to 332M vs. 330M est., and net loss up 25% YoY to $360M
if SNAP can catch a bid on those numbers in spite of its current sales/EPS multiples (faster user/revenue growth, but still), that suggests OK numbers from FB would be received quite well. Casey Neist...
Roblox files S-1 for its IPO, reports losses of $206M on $589M in revenue, 31.1M DAU, and 22.2B engaged hours, up 122% YoY, for the first nine months of 2020
here's what we learned from the most recent wave of IPO filings Sarah E. Needleman / Wall Street Journal : Roblox Files IPO Amid Surge in Videogame Spending Alex Wilhelm / TechCrunch : What is Roblox ...