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3 mins read

'Potential boost from TikTok uncertainty': Here's what Wall Street expects from Meta's 2nd-quarter earnings

"Our 2Q advertising checks and time at Cannes suggest that the broader online advertising market is…

Matthew Fox   


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2 mins read

Stock market today: US indexes drop as 1st-quarter GDP growth comes in weaker than expected

The US economy grew at an annualized rate of 1.6% in the first three months of the year, badly lagg…

Max Adams   


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1 min read

Meta surprises analysts with good results, $40 bn stock buyback

Meta (formerly Facebook) has surprised the market analysts with posting better-than-expected result…

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2 mins read

'AI advancement driving engagement': Here's how Wall Street is reacting to Meta's 3rd-quarter earnings

"We believe Meta continues to execute well and remains disciplined, and we would be buying the pull…

Matthew Fox   


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3 mins read

'Reels is outperforming TikTok': Here's what Wall Street expects from Meta's 3rd-quarter earnings

Investors are waiting to see how Meta balances its "year of efficiency" cost cuts with its need to …

Matthew Fox   


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2 mins read

Facebook blames Apple after a historically bad quarter, saying iPhone privacy changes will cost it $10 billion

Apple introduced a feature to stop apps from tracking you, and Facebook says it's going to cost the…

Ben Gilbert   


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3 mins read

'Anticipate upside to Q3 results': Here's what 6 Wall Street analysts are saying about Facebook before its 3rd quarter earnings report

Many analysts will be looking out for the tech giant's advertising revenue after some advertisers p…

Emily Graffeo   


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2 mins read

Facebook parent Meta soars 16% after Q1 results show user growth recovery, and Mark Zuckerberg reins in metaverse spending

Meta CEO Mark Zuckerberg said he's slowing the pace of the Facebook parent's investment in new proj…

Shalini Nagarajan   


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2 mins read

Facebook made $9.2 billion in quarterly profit, more than analysts expected, even amid its whistleblower saga

Facebook's $9.2 billion profit in the third quarter is up from $7.8 billion last year. Most of its …

Matthew Loh   


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1 min read

Snap stock is facing a double-digit sell-off after earnings for the 5th straight quarter. Here's why investors are panicking.

The Snapchat parent gave investors little reason to cheer, and it shared a revenue forecast lower t…

Phil Rosen   


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2 mins read

About 40% of the world's population is now on Facebook — but most of the new users came from outside the US and Canada

Over three billion people are active on Facebook every month as of June 30, the company said during…

Kai Xiang Teo   


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1 min read

Meta to begin laying off another 11K employees in multiple waves next week

Meta (formerly Facebook) looks all set to lay off another 13 per cent, or roughly 11,000 jobs, in i…

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1 min read

Facebook sees $37 billion in market value erased after 3rd quarter earnings reveal decline in US users

Facebook reported a decline in daily active users for the US and Canada, down 196 million from 198 …

Emily Graffeo   


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4 mins read

'Holiday halo bodes well for advertising spend': Here's what 4 Wall Street analysts expect from Facebook's 4th-quarter earnings report

Investors should expect a strong fourth-quarter earnings report from Facebook, but Apple's advertis…

Matthew Fox   


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1 min read

Nvidia's stellar results show that there's an AI goldrush coming, chip analyst says

Nvidia said it expected its revenue to grow significantly as it upped its production of chips to me…

George Glover   


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4 mins read

'Pandemic and advertiser boycott create heightened uncertainty': Here's what 3 analysts expect from Facebook's quarterly earnings

Analysts are particularly interested in how a massive advertiser boycott hit Facebook's revenue and…

Ben Winck   


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2 mins read

Facebook reports 3rd-quarter earnings on Wednesday. Here's what 5 analysts are thinking about ahead of the results.

Facebook CEO Mark Zuckerberg testified in front of Congress last week to address concerns about Lib…

Daniel Strauss   


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3 mins read

Meta's layoffs are affecting customer service and leaving influencers and businesses on Instagram and Facebook in the lurch, report says

Meta's mass layoffs have affected over 20,000 employees, including staff on its client support and …

Sawdah Bhaimiya