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Meta’s “year of efficiency” paid off in a big way. And it offered a sweetener for investors, sending its stock surging. The tech giant on Thursday reported that profit from the three months ...
February 2, 2024 at 4:25 PM. Meta Platforms' (META) stock rocketed higher on Friday, climbing more than 20% after the company posted better-than-expected earnings and guidance and announced new ...
For the second quarter, Meta saw earnings per share (EPS) of $5.16 on revenue of $39.07 billion. Analysts were expecting EPS of $4.74 on revenue of $38.3 billion, according to estimates compiled ...
Meta Platforms, Inc. Meta Platforms, Inc., [10] doing business as Meta, [11] and formerly named Facebook, Inc., and TheFacebook, Inc., [12][13] is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. [14]
t. e. Meta Platforms (formerly Facebook, Inc.) is a technology company that has acquired 91 other companies, including WhatsApp. The WhatsApp acquisition closed at a steep $16 billion; more than $40 per user of the platform. Meta also purchased the defunct company ConnectU in a court settlement and acquired intellectual property formerly held ...
Investors balk at $40 billion in spending, sending stock falling—but analysts say Meta’s advertising advantage is a perfect use case for AI.
An analysis of the company's investments in 2017 suggested that it was the most active investor in that period, outdoing the capital arm of Intel and also its own best customer. Alphabet, Inc. acquired seven of its own capital-backed startups in the 2017 financial year, with Cisco second having acquired six of the company's previous investments.
Investors finally got a sneak peak of a moonshot from the money-losing Reality Labs division inside Meta. The project has been shrouded in secrecy, after nearly a decade of development and ...