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Facebook briefly drops 6% after Bloomberg incorrectly publishes disappointing forward guidance for revenue
The financial news and data firm acknowledged the mistake shortly after. Facebook reports its secon…
Brian Evans
'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
Snap CEO credits AR lenses, short videos for its first profit in over 10 years — says India expansion was 'successful’
“The fourth quarter marked the end of an exciting and productive year for Snap. We grew our comm…
Facebook stock has 23% upside as headline risk is priced in and 3 billion users continue to flock to the platform, Morningstar says
Instagram's negative impact on on the mental well-being of young girls is a risk that Morningstar i…
Isabelle Lee
Retail investors poured $231 million into Meta stock as it tanked after earnings, the highest amount since 2018, research firm says
Thursday's buying spree was more than 25 times the $9 million in average daily net purchases of Met…
Carla Mozée
Snap, Twitter, and Pinterest sink as Facebook parent Meta's Q4 earnings shock hits social media stocks
Meta's poor Q4 earnings triggered a slide in social media stocks, with Snap tumbling as much as 19%…
Shalini Nagarajan
US futures fall after Facebook parent Meta slides 20% in premarket trade and Spotify tumbles on weak user projections
If Meta's 20% drop in premarket trading carries on into regular market hours, it stands to lose abo…
Shalini Nagarajan
US stocks extend rally while top tech firms prepare to report earnings
Companies reporting this week include tech giants Apple, Alphabet, Microsoft and Facebook parent Me…
Brian Evans
Facebook gains 7% after smashing expectations as higher ad sales drove a 48% jump in Q1 revenue
The company credited its revenue jump to the average price per ad, which shot up 30% year-on-year, …
Shalini Nagarajan
Nvidia extends 2-day jump to 17% as Wells Fargo raises price target and investors cheer chip maker's metaverse ambitions
Wells Fargo raised its price target on Nvidia stock by 30% to $320, citing massive growth potential…
Isabelle Lee
Facebook reported a decline of 2 million daily active users in the US and Canada
Facebook's CFO said it expected a decline after "elevated" levels in the second quarter due to the …
Tyler Sonnemaker
'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
'Street estimates for Q1 are likely optimistic': Here's what 4 analysts expect when Facebook reports quarterly earnings
The social media titan is slated to release its first-quarter results Wednesday afternoon, joining …
Ben Winck
'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
Mark Zuckerberg's net worth plunges by $30 billion as Facebook parent Meta crashes 25% after earnings shock
Meta, formerly Facebook, plunged in early trading after saying rivals such as TikTok were eating in…
Harry Robertson
Hit by Apple fees, Facebook offers creators new way to earn money
"The 30 per cent fees that Apple takes on transactions make it harder to do that, so we're upd…
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
Meta stock climbs as the Facebook parent reportedly joins Twitter and other tech firms with massive layoff plans
Meta joins Twitter, Amazon, Lyft, Stripe and other tech companies that are adjusting their workforc…
Phil Rosen
Facebook warns its growth is about to 'decelerate significantly' after the pandemic kept people online last year
Facebook reached an expected 2.9 billion monthly active users after the pandemic drove the platform…
Katie Canales
The Big 4 tech companies — Amazon, Apple, Facebook, and Google, worth $5 trillion combined — just crushed their earnings reports
Four of the most valuable companies in the world reported second-quarter earnings, one day after te…