Facebook (Meta)

[nnuut]

SPLAT!!!!!!

 

[Bullitt]

FB has managed to shave $200 billion off their market cap in one day making it the largest one day drop ever for US company.

 

[Epic]

Testifying in the METAVERSE . . . . . LOL

..

 

[tsptalk]

Interesting - Open gap from post Covid crash rally getting filled.

 

[Epic]

Just saw this: Facebook bans Russian state media from advertising and monetizing content on its platform
https://www.foxbusiness.com/technol...tate-media-from-advertising-on-their-platform
Could this help redeem FB (cough....) sorry, Meta back to being a buy??? I'd throw a chunk of money at it if I thought it was gonna shoot up a decent amount. :scratchchin:

​

 

[tsptalk]

I wonder how much money we're talking about here? Losing revenue isn't a good thing for their bottom line, but maybe it's peanuts, I don't know.

Just saw this: Facebook bans Russian state media from advertising and monetizing content on its platform
https://www.foxbusiness.com/technol...tate-media-from-advertising-on-their-platform
Could this help redeem FB (cough....) sorry, Meta back to being a buy??? I'd throw a chunk of money at it if I thought it was gonna shoot up a decent amount. :scratchchin:

 

[nnuut]

FACEWHAT?

 

[bmneveu]

I wonder how much money we're talking about here? Losing revenue isn't a good thing for their bottom line, but maybe it's peanuts, I don't know.

Probably peanuts. Looks like Russia ranks 37th on total users by country here https://worldpopulationreview.com/country-rankings/facebook-users-by-country

 

[tsptalk]

[FONT=var(--article-font-family)]Facebook Parent Meta Expected to Post Slowest Revenue Growth Since IPO[/FONT]

The earnings are set to be released after markets close on Wednesday.

Social-media company faces growing competition for users and privacy headwinds in advertising business

Facebook parent Meta Platforms Inc. FB -2.36% ▼ is expected to post its slowest revenue growth on record as the company navigates growing competition for users and privacy headwinds in its advertising business.

Meta’s stock price was battered in February when it posted quarterly results that showed a sharper-than-expected decline in profit, a gloomy revenue outlook and a drop in its daily active users.

Since that report, Meta shares have fallen nearly 44%, and the company has lost nearly $388 billion in market value.

https://www.wsj.com/articles/meta-p...c1mrwepv5ag&reflink=desktopwebshare_permalink

 

[tsptalk]

Facebook / Meta has been a dog for a while now, beaten down more than 50% off its 2021 highs. Last earnings season left a big whole in this chart. The whole meta thing may be costing them in the short term.

With expectations so low, is there an upside surprise bounce to be had here, or is this company toast? They report after the bell today.

 

[tsptalk]

Facebook shares spike on better-than-expected quarterly earnings

Meta’s earnings per share for the first quarter topped analysts’ estimates.

Revenue came in below expectations, as did the company’s forecast for the second quarter.

As of Wednesday’s close, the stock was down almost 50% for the year.

https://www.cnbc.com/2022/04/27/meta-fb-q1-2022-earnings.html

Up 18% after hours

 

[tsptalk]

Facebook’s stumbling ad business lies at the center of tech earnings week

Facebook parent Meta will report second-quarter earnings on Wednesday, sandwiched in between the other Big Tech companies on Tuesday and Thursday.

Facebook’s online ad business has been hurt by Apple’s iOS update and a weakening economy.

Snap reported disappointing earnings last week, raising concern about what’s in store for Meta.

https://www.cnbc.com/2022/07/25/-fa...ness-at-the-center-of-big-tech-earnings-.html

 

[tsptalk]

Meta, aka Facebook, is down 6% heading into tonight's earnings report.

 

[tsptalk]

The "Metaverse" isn't working for Facebook...


Meta shares plunge 24% to the lowest price since 2016


https://www.cnbc.com/2022/10/27/meta-stock-falls-23percent-on-earnings-miss-analyst-downgrades.html

 

[Bullitt]

Just heard an ad about the metaverse and how it's being marketed as a way to solve logistic and transportation issues with simulations. Not sure if that's the answer.

Meta is blaming most of their woes on Apple's restrictive advertising rules in the name of privacy. Sure that's adding to the pressure, but it doesn't explain a 70% collapse. I was considering buying this in October 2021 when it was down 15% from the high.

 

[tsptalk]

Meta could begin large-scale layoffs this week, report says

Meta could begin to carry out large-scale layoffs as soon as Wednesday, according to a report from the Wall Street Journal.

The layoffs are expected to impact thousands of employees, the report said.

https://www.cnbc.com/2022/11/06/meta-could-begin-large-scale-layoffs-this-week-report-says.html

 

[tsptalk]

Time to short Meta?

*disclosure: I have no position at this time, but that could change.

 

[TommyIV]

Time to short Meta?

It sure was.

[h=1]Meta’s Targeted Ad Model Faces Restrictions in Europe[/h]
META is currently down around 6% today.

 

[tsptalk]

Zuckerberg needed some holiday cash.

"Zuckerberg has been selling $9 million worth of Meta shares every day for the last few weeks.

"If he continues this trend, it will take him more than 52 years to completely sell his stake"

https://twitter.com/GrahamStephan/status/1727311064252256600?t=fOe-SxbMnXr4uCbZgofhzA&s=19

 

[tsptalk]

Oh, those earnings reports.