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The Latest Breaking News from Meta

Snapchat’s Evan Spiegel dismisses Facebook’s metaverse as ‘hypothetical’

Founder says his company is committed to augmenting the real world rather than replacing it

The Guardian - UK

Surprise Negative GDP Report Could Hurt Premarket Rally

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.

Benzinga

Here's How Much $100 Invested In Meta Platforms 10 Years Ago Would Be Worth Today

Meta Platforms (NASDAQ:FB) has outperformed the market over the past 10 years by 6.31% on an annualized basis producing an average annual return of 17.91%. Currently, Meta Platforms has a market capitalization of $539.11 billion.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Looking Into Meta Platforms's Return On Capital Employed

Pulled from Benzinga Pro data, Meta Platforms (NASDAQ:FB) posted Q1 earnings of $7.46 billion, an increase from Q4 of 27.42%. Sales dropped to $27.91 billion, a 17.12% decrease between quarters.

Benzinga

Why Facebook Parent Meta Is 'Executing Well In Difficult Environment'

It was a turnaround of sorts for Meta Platforms, Inc. (NASDAQ: FB) Wednesday as the social media giant rebounded from the fourth quarter's disappointing performance.

Benzinga

Why Meta Platforms Shares Are Ripping Higher Today

Meta Platforms Inc (NASDAQ: FB) shares are trading higher Thursday after the company reported better-than-expected earnings results.

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, April 28

CNBC Ford Motor Slashes 580 Jobs, Mainly In Engineering

Benzinga

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10 Biggest Price Target Changes For Thursday

Needham lowered MKS Instruments, Inc. (NASDAQ: MKSI) price target from $185 to $175. MKS Instruments shares rose 3.6% to $116.01 in pre-market trading.

Benzinga

Meta Still Subject To Consumer Lawsuits For Breach Of Data Protection Rules, EU Regulator Says

The European Union's top court said Meta Platforms, Inc (NASDAQ:FB) is still subject to consumer group lawsuits for possible violations of data protection rules, Bloomberg reports. In a dispute between the Federation of German Consumer Organizations and Meta's Facebook, Germany's top civil court sought the EU tribunal's guidance on whether lawsuits to protect…

Benzinga

Amazon's Refusal To Reveal Product Search Algo Could Fuel Its Showdown With Australia

Amazon.com Inc (NASDAQ:AMZN) refused to detail its product-search system to an Australian competition regulator, Reuters reports. Amazon has denied offering an advantage to its products over rivals. Amazon's withholding of the information could lead to a possible repeat of Australia's 2021 showdown with Facebook rebranded Meta Platforms Inc (NASDAQ:FB) and Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google forcing…

Benzinga

Attention economy slowdown

Coming down from pandemic-charged growth, social media and streaming firms face a new reality.

Axios

Disney ‘metaverse’ begins to take shape

LOS ANGELES — Walt Disney Co. has brought its characters to life in its theme parks and expanded its franchises through streaming services.

Los Angeles Times

7 Stocks To Watch For April 28, 2022

Some of the stocks that may grab investor focus today are:

Benzinga

FTSE 100 Live: US economy shrinks, Twitter, McDonald’s, Volvo, Sainsbury’s and Unilever report

The bosses of Sainsbury’s, Whitbread and Unilever have today revealed how consumers are coping with the cost of living squeeze.

Evening Standard

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Asharq Al-Awsat

Facebook Parent Meta Calms Investors with Strong Profit

Facebook parent Meta on Wednesday reported better profit than expected in the recently ended quarter, calming investors worried about the toll of competition from TikTok and eased pandemic restrictions. Meta said it made a profit of $7.5 billion on revenue of $27.9 billion in the first three months of this…

Benzinga

Facebook Parent's Metaverse Division Loses Nearly $3B In Q1, But Mark Zuckerberg Wants To See It Through

Facebook parent Meta Platforms Inc (NASDAQ: FB) said in its first-quarter earnings report that its Facebook Reality Labs division incurred a loss of $2.96 billion in the period.

Chicago Tribune

Meta expanding massive $1 billion Illinois data center, set to power everything from Facebook to Instagram beginning next year

Meta, the social media giant formerly known as Facebook, is expanding its massive $1 billion data center under construction in DeKalb to nearly 2.4 million square feet, putting the college town west of Chicago at the center of its metaverse.

The Guardian - US

Meta shares soar despite a decidedly mixed quarter report

The Facebook parent company is continuing a major rebrand of its products and focusing more heavily on the metaverse

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news in one place.

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Benzinga

Meta Platforms Q1 Earnings Highlights: EPS Beat, Revenue Miss, User Metrics Up And More

Social media platform and metaverse company Meta Platforms (NASDAQ: FB) announced first quarter earnings after market close Wednesday. Here are the highlights.

The Independent UK

Facebook parent Meta stock soars despite growth slowdown

Facebook parent Meta’s first quarter profit jumped past Wall Street’s expectations despite slower revenue growth, sending shares up sharply in after-hours trading

Benzinga

How Meta Platforms (Formerly Facebook) Stock Looks Heading Into Q1 Earnings Print

Meta Platforms, Inc (NASDAQ: FB) is set to print its first-quarter financial results after the market closes on Wednesday. The stock was trading about 4% lower heading into the event.

Creative Bloq

Thinking of leaving X? Here are 10 Twitter alternatives to consider

The best X alternatives for creatives.

Benzinga

What Went Wrong At Meta Last Quarter And How Pete Najarian Is Positioning Ahead Of Earnings After The Bell

Meta Platforms Inc (NASDAQ: FB) shares are trading at 52-week lows Wednesday ahead of earnings after the bell.

Benzinga

Virtual Land Just Sold For 2 ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $6,615, which is 1.37x the current floor price of 1.675 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

Metaverse Land Just Sold For $7,190 (2 ETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $7,190, which is 1.50x the current floor price of 1.67 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

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