Meta (FB) Stock Price Forecast: Buy the Post Earnings Dip?
The Meta Platforms stock price crashed hard in extended hours as investors reacted to the soft quarterly results. The stock declined by over 20% to $148. It has fallen by…
Meta Seeks to Weed Out Harmful Content Using AI Systems Amid Growing Pressure
(Cnet) Meta, the parent company of Facebook, has created an artificial intelligence technology to flag harmful and misleading content quickly. Meta says the new AI system, Few-Shot Learner, requires a…
Facebook to Profit Most From the $8T Metaverse Industry, Morgan Stanley Says
(Coindesk) Morgan Stanley has singled Facebook as the stock to benefit the most from the metaverse endeavors, which the bank says is an $8 trillion market in the US. Morgan…
Facebook Updates Forecast as Revenue Climbs 33% in Q3 2021
(Facebook) Facebook Inc. reported revenue of $29.010 billion in the third quarter of 2021, up 33% from the prior year. A net income of $9.194 billion was reported in the…
FB Stock Price Forecast: Q3 Earnings Preview
Facebook Q3 results are likely to show a slow-down in growth.Focus on daily active users growth.Scrutiny on Apple iOS update impact. Facebook Inc. (NASDAQ: FB) is scheduled to report its third-quarter…
Facebook’s Schroepfer to Resign as Chief Technology Officer Next Year
(Facebook) Mike Schroepfer, Facebook’s Chief Technology Officer, has announced that he is resigning from the role next year to take a ‘senior fellow’ position in the company. Andrew Bosworth, who…
EU Regulators Open Probe on Facebook’s Acquisition of Kustomer
(Reuters) The European Union antitrust regulators have opened a full-scale investigation of Facebook’s acquisition of US customer service startup Kustomer. The EU antitrust regulators say the acquisition of Kustomer by…
Facebook Q2 Earnings Analysis Preview: What to Expect
Facebook stock up 35% ahead of the earnings reportQ2 earnings and revenue expected to top estimatesFocus on active users is crucial to advertising revenue growth Facebook Inc. (NASDAQ: FB) is…
Facebook Under U.K, EU Radar on Suspected Antitrust Violations
U.K and EU regulators have launched an antitrust investigation on Facebook, according to CNBC. The authorities are scrutinizing the social media giant’s abuse of its dominant position in the digital…
Facebook’s First Quarter Revenue +48% YoY
Facebook recorded a revenue of $26.171 billion in the first quarter of 2021, up 48% from the same quarter of 2020, according to the company’s press release. Diluted earnings per…
U.S. Tech Giants Targeted in Hefty EU Fines over Monopoly
Amazon, Apple, Facebook, and Google face hefty fines of between 6-10% under a draft EU law that seeks to curb their power in data and online platforms, reports Reuters. The…
Apple, Amazon, Facebook, and Google Record Earnings Increases despite Scrutiny Issues
Apple, Amazon, Facebook, and Google posted combined revenues of $220.28 billion, up from $200 billion revenues last quarter, MarketWatch reports. The Big Four, which make up about one-fifth of the…