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Tag: meta-platforms

The Dow and Nasdaq sink as Microsoft and Meta lead the selloff in tech stocks

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The Dow and Nasdaq sink as Microsoft and Meta lead the selloff in tech stocks

In this story The Dow Jones Industrial Average fell more than 400 points Thursday morning, along with sharp declines in the Nasdaq and S&P 500, after Microsoft's weaker-than-expected earnings reports (MSFT-5.59%) and Meta (META-3.99%). super microcomputer (SMCI-13.76%) The stock continued to fall afterwards the resignation of Ernst & Young, the company's auditor, and now it's […]

Meta's third-quarter profit jumps 35%, driven by strong advertising revenue and AI push

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Meta's third-quarter profit jumps 35%, driven by strong advertising revenue and AI push

Meta Platforms Inc. posted stronger-than-expected third-quarter results on Wednesday, driven by growth in its advertising revenue and its efforts to integrate artificial intelligence. However, the parent company of Instagram and Facebook warned that it expects a “significant acceleration” in infrastructure spending next year as it continues to pour money into AI development. Nearly all of […]

Will Higher Ad Revenue Help Meta Platforms Beat Q3 Earnings?

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Will Higher Ad Revenue Help Meta Platforms Beat Q3 Earnings?

Metaplatforms“META’s third quarter 2024 results, scheduled for release on October 30, are expected to reflect the benefits of higher advertising revenue. It is expected to benefit from strong demand from advertisers. The Zacks Consensus Estimate for Meta Platforms' third-quarter advertising revenue is $39.48 billion, representing year-over-year growth of 17.3%. We believe higher advertising revenue will […]

Lumen and Meta join forces to advance AI with flexible, on-demand network solutions

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Lumen and Meta join forces to advance AI with flexible, on-demand network solutions

Lumen and Meta join forces to advance AI with flexible, on-demand network solutions Lumen Technologies, Inc. (NYSE:LUMN) shares are trading higher on Monday after the company announced it is entering into a partnership Meta Platforms, Inc. (NASDAQ:META) to significantly increase Meta's network capacity and advance its AI ambitions. The partnership with Lumen provides Meta greater […]

Downdetector shows that Metas Facebook and Instagram are available again for most users in the US after an outage

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Downdetector shows that Metas Facebook and Instagram are available again for most users in the US after an outage

(Reuters) – Facebook and Meta Platforms' Instagram were largely restored to most users after an outage that affected thousands in the United States on Monday, according to outage tracking website Downdetector.com. At its peak around 1:35 p.m. ET, there were more than 12,000 incidents of people reporting problems with Facebook and over 5,000 reports of […]

Stock split observation: Are meta platforms next?

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Stock split observation: Are meta platforms next?

Facebook and Instagram parents Meta-platforms (NASDAQ:META) The stock is trading at an all-time high after rising 91% over the past 52 weeks. It also has a whopping share price of $565 per share. Is this Magnificent 7 stock headed for a stock split in the near future? What is the point of a stock split […]