Even if it were possible, could you imagine regulators allowing Meta to buy TikTok or Snap? Not a chance. It’s too big to be able to acquire its way out of the problem. And Microsoft did similarly well this past quarter.Īs a result of these actions, the company has painted itself into a corner. Apple’s revenue popped up by 11% after epic earnings. Alphabet’s revenue rose by 41% after the company blew past its earnings. What’s worse for Facebook is that it appears to be an outlier among its competition in Silicon Valley. “On the impressions side, we expect continued headwinds from both increased competition for people’s time and a shift of engagement within our apps towards video,” Facebook said on the call.
While revenues slightly beat expectations, the company warned that the upcoming year was potentially going to be worse for Facebook. And it’s not a disaster that will be rectified by next quarter, or even the one after that. company.Īlthough Wall Street may have panicked Thursday, this wasn’t actually a disaster that happened overnight-or even over the past quarter, when Facebook reported that its earnings came in below expectations, with Daily Active Users (or DAUs) on Facebook down during the fourth quarter for the first time in the company’s history.
Now the company and its founder get to add one more record to their résumé: The company’s stock opened down more than 24% on Thursday after a disastrous earnings call, which erased roughly $200 billion from Meta’s market cap, which is, according to Bloomberg, the biggest loss of market value in single day for a U.S. A few years before that, in 2008, its founder, Mark Zuckerberg, then 23, became the world’s youngest self-made billionaire.
In 2012, the company became the first social network to reach 1 billion users. Facebook, or Meta, or whatever you want to call it, has broken a lot of records over the years.
0 kommentar(er)
