News Formal

Facebook shares rise as investors focus on earnings beat and buyback over revenue miss and outlook

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Facebook CEO Mark Zuckerberg has responded to recently leaked documents & reports about the company: 'My view is that what we are seeing is a coordinated effort to selectively use leaked documents to paint a false picture of our company.'

$29.01 billion vs $29.57 billion expected by analysts, according to Refinitiv.1.93 billion vs. 1.93 billion expected by analysts, according to StreetAccount.2.91 billion vs. 2.93 billion expected by analysts, according to StreetAccount.

Zuckerberg said Facebook will retool its focus on young users rather than optimizing for the larger number of older people. The company announced its plans to break out Facebook Reality Labs into its own reporting segment starting in the fourth quarter. That unit focuses on hardware, augmented reality and virtual reality products. The other revenue segment will come from its family of apps, which include Facebook, Instagram, Messenger, WhatsApp and other services.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Why is it I believe Zuckerberg?

donie TFG made similar arguments throughout 2017 & 2018. “Oh the leaks!” Instead of “we did wrong.”

donie I hate Facebook

donie DiSiNfOrMaTiOn!! And… scene.

donie It's time to break up Facebook and fire Zuckerberg. The company needs new management and new CEO.

What a drop out! Are those documents yours or not?

donie Okay Mark, we trust you. Not. DeleteFacebook

donie Facebook mission statement: We harvest as much user data as possible regardless of the contents being shared. Our algorithms push more sharing of contents to all users. We don’t pull down false content per First Amend. We then sell the data to ad brokers to generate revenues.

ZuCk KiLLs GOATs 'iNJuStiCe aNYwHeRe iSa tHReAt tO JuStiCe eVeRYwHeRe' MLKJ READ & Take Action; Terminate Obstruction oF Justice REAL Revolution RussellRope 🐐📰💣

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European markets set for modest rise, with earnings in focus; HSBC beatsEuropean stocks are set to open slightly higher on Monday as investors continue to monitor corporate earnings, Covid-19 and the inflation picture. good
Source: CNBC - 🏆 12. / 72 Read more »

Facebook beats on earnings despite revenue missFacebook reported earnings after the bell. Here are the results. Hardly. Are you serious? Profits are up. If you don't like Facebook .. cool story! Move on. Facebook is NOT in charge of your emotions. Get over it. They are a COMPANY that MAKES MONEY FOR ITS INVESTORS.. ONLY
Source: CNBC - 🏆 12. / 72 Read more »

Facebook Hits 2.91 Billion Monthly Active Users In Q3; Earnings, Outlook Mixed Amid Advertising HeadwindsFacebook hit 2.91 billion monthly active users last quarter, up 6% from the year earlier, and reported mixed financial results and an outlook below expectations. Revenue of $29.1 billion for the Se…
Source: DEADLINE - 🏆 109. / 63 Read more »

Stocks Close At Record Highs After Tesla Hits $1 Trillion In Market ValueInvestors are looking ahead to major tech earnings this week, hoping they can further boost stocks.
Source: Forbes - 🏆 394. / 53 Read more »