Meta

The stock gained as much as 19% during pre-market trading in New York, in line with advances made after Wednesday's close.

That meant prioritizing Reels, a TikTok copycat video format on Meta-owned Instagram and Facebook. While usage of Reels is growing quickly, the company’s advertisers haven’t been as fast to switch to the new format. Again, the company pointed to the ongoing war in Ukraine as a factor. Reels already makes up more than 20% of the time that people spend on Instagram, Zuckerberg said. The stock tumbled 26% the next day, underscoring the concerns that people — especially teenagers and young adults — were defecting to newer platforms like TikTok, and that advertisers would follow. On the call with analysts, Zuckerberg said Meta plans to launch its new virtual reality headset, code-named Project Cambria, later this year. Those concerns appear to have been put to rest — at least for now — given Facebook added 31 million new daily active users in the recent quarter.

The new Meta Store — a retail space to discover Meta Portal, Ray-Ban Stories and Meta Quest 2 and try them out in person — opens in Burlingame, Ca on May 9, ...

“Having the store here in Burlingame gives us more opportunity to experiment and keep the customer experience core to our development. “Once people experience the technology, they can gain a better appreciation for it. At approximately 1,550 square feet, Meta admits that the store has a relatively small footprint but said that it was important to launch the first Meta Store near its Reality Labs HQ, where the company is pushing its metaverse plans forward.

Shares of Meta Platforms Inc rose 17 per cent in a relief rally on Thursday after having lost nearly half their value this year, as the social media giant ...

The median price target on the stock is $300, well above its current trading price of $200. Analysts appeared mixed in their views on the results. Apple, Amazon and Alphabet were all up more than 2 per cent.

Shares of Facebook parent Meta Platforms surged 14 per cent in pre-market trading on Thursday (Apr 28) after the company reported that its main platform ...

Facebook parent Meta posted better than expected first quarter financial results following a bumpy year for the tech giant.

It went from $26.17 billion (€24.9 billion) to $27.91 billion (€26.54 billion), with CEO Mark Zuckerberg telling analysts in a conference call that the revenue acceleration the company saw during the pandemic had tapered off, with the company planning to “slow the pace of some of our investments” so it can continue to grow profits. Analysts, on average, were expecting earnings of $2.56 (€2.43) per share on revenue of $28.28 billion (€26.9 billion), according to a poll by FactSet. Facebook has seen a 4 per cent growth in daily active users over last year, with 1.96 billion on average for March 2022, a positive sign following the loss of users in the previous quarter. The reported revenue growth of 7 per cent was the slowest since the company went public a decade ago. The company earned $7.47 billion (€7.1 billion) - or $2.72 (€2.58) per share - in the January-March period, which is down 21 per cent from $9.5 billion (€9.02 billion), or $3.30 (€3.13) per share, in the same period a year earlier. Its first quarter profit and its number of daily users exceeded Wall Street’s expectations in the results posted on Wednesday.

Shares of Facebook parent Meta Platforms (FB) rose nearly 16% in pre-market trading after the company posted better-than-expected profit and users of its ...

Daily active users (DAU) increased 4% to nearly 2 billion users in the quarter. The company had warned that those new tracking changes would cost it $10 billion this year. Meta missed earnings expectations but added users for the first quarter.

Meta, the social media giant formally known as Facebook, has announced plans to open the Meta Store, a bricks-and-mortar shop in Burlingame, ...

We’re not selling the metaverse in our store, but hopefully people will come in and walk out knowing a little bit more about how our products will help connect them to it.” What we learn here will help define our future retail strategy. Meta, the social media giant formally known as Facebook, has announced plans to open the Meta Store, a bricks-and-mortar shop in Burlingame, San Mateo County, California, on the 9 May.

Meta Platforms reported Facebook daily active users of 1.96 billion in the first quarter, higher than analysts' estimates and reversing a small decline in ...

Meta (FB) gained 18.5% to $207.40 after the company reported Facebook daily active users of 1.96 billion, higher than analysts’ estimates and reversing a small decline in the December quarter. Meta Platforms stock was rising sharply Thursday after the parent company of Facebook posted better-than-expected user growth in the first quarter. Meta Stock Is Soaring After Earnings. Here’s What’s Behind the Big Move.

Despite missing first quarter revenue estimates, shares of Facebook parent company Meta surged roughly 13% on Thursday after reporting solid user growth, ...

Despite missing estimates on several key metrics, Meta’s latest earnings report is still a big step up from fourth quarter earnings last year, when the company reported its first decline in daily active users on record. A big earnings miss from streaming giant Netflix last week added to uncertainty around Big Tech stocks, which have already been hard-hit amid the wider market sell-off this year. Despite missing first quarter revenue estimates, shares of Facebook parent company Meta surged roughly 13% on Thursday after reporting solid user growth, which bounced back from a small decline in the previous quarter.

Meta Platforms Inc. warned that it may be hit by hefty data-protection fines in the European Union when privacy watchdogs wrap up probes into the social ...

Don't be confused here, but while Meta wants to enhance the virtual and augmented realities with the Metaverse, the company is also taking it to the real ...

The Meta Store is set in a 1,550 square feet area. The store is located at 322 Airport Blvd in Burlingame, California. The Meta Store offers interactive demos like making video calls on the Meta Portal. The Meta Quest 2 demo is immersive with VR. Test yourself how the Ray-Ban Stories can help you be present with the world around you. There is a Meta Quest 2 display wall at the Meta Store. It is quite interactive as you can try the hardware, accessories, and content ready. Meta is mainly a digital company too, so going into the real world is deemed unnecessary. It is a retail space where you can check out some of the products available.

Shares of Facebook parent Meta (FB) soared in early trading Thursday on the back of its Q1 earnings report. Shares of the social media giant were up more ...

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Meta CEO Mark Zuckerberg also said that the company would scale back costs and was investing in artificial intelligence tools to improve recommendations and ...

Analysts on average were expecting current-quarter revenue of $30.63 billion. On the call, Zuckerberg also echoed previous warnings about the challenges of engagement shifting toward features like its short video offering Reels, which generates less revenue than other ad formats. Meta forecast second-quarter revenue between $28 billion and $30 billion. But Zuckerberg also said that due to current business growth levels, Meta was slowing the pace of some longer-term investments in its AI infrastructure and Reality Labs hardware division, which is home to its augmented and virtual reality efforts Company executives said on the call that Meta was making significant investments in AI and machine learning to improve ad capabilities, as it grapples with the impact of Apple's changes to its operating system, which have made it harder for brands to target and measure their ads on Facebook and Instagram. "However, growth in monthly active users is slowing quickly.

Shares of Facebook parent Meta Platforms surged as much as 19 per cent on Thursday after the company reported its main platform added more users than ...

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It's been clear for some time now that Facebook and Instagram need to deprioritize connecting friends to keep up with platforms like TikTok. They can't just be ...

Instagram removed the "recent" tab from its hashtag page in an effort to show more Reels, and the platform even tweaked its algorithm to show fewer videos stamped with the TikTok logo. Reels now make up about 20% of the time people spend on Instagram, and videos overall comprise about half of the time people spend on Facebook, Mark Zuckerberg said during the company's first-quarter earnings call yesterday. But people aren't necessarily engaging with videos posted by the users they follow: AI is driving the increase in video views.

In quarterly earnings call, Meta CEO shares plans to slow the pace of some investments, and discussed progress with Reels and the metaverse.

We expect to be meaningfully better at monetization than others in the space, and we think that should become a sustainable advantage for our platforms as they develop.” “Reels already makes up more than 20% of the time that people spend on Instagram. Video overall makes up 50% of the time that people spend on Facebook, and Reels is growing quickly there as well. “Over the next several years our goal from a financial perspective is to generate sufficient operating income growth from Family of Apps to fund the growth of investment in Reality Labs while still growing our overall profitability,”

Facebook parent Meta's (FB) Q1 earnings beat analyst forecasts, while revenue missed. The number of monthly active people was below estimates.

Meta's monthly active people (MAP) rose 6% compared to the year-ago quarter to reach just over 3.6 billion.2 MAP is a key metric that indicates the size of the company's global active user base across all of its platforms. Meta derives the majority of its revenue through selling advertising space on its social media sites and apps to marketers. Meta said that it expects its revenue in the second quarter to be between $28 billion and $30 billion. The company monetizes that user base through the sale of ad space on its platforms. These choices will be signaled globally to our partners and will not affect browsing data. Investopedia does not include all offers available in the marketplace. To change or withdraw your consent choices for Investopedia.com, including your right to object where legitimate interest is used, click below. Investopedia and our third-party partners use cookies and process personal data like unique identifiers based on your consent to store and/or access information on a device, display personalized ads and for content measurement, audience insight, and product development. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Earnings per share (EPS) beat consensus estimates but were down 17.6% from the year-ago quarter. Meta Platforms, Inc. (FB), formerly and commonly known as Facebook, reported mixed Q1 FY 2022 earnings results. Matthew Johnston has more than 5 years writing content for Investopedia. He is an expert on company news, market news, political news, trading news, investing, and the economy.