Facebook earnings were not as bad as feared, but they were still pretty bad

Facebook parent Meta Platforms Inc.’s results were not been as bad as Wall Street was fearing, but there still isn’t much to cheer about.

Revenue has been slowing in recent quarters, as Meta Chief Financial Officer David Wehner has been warning would happen for years, but compared with the year-ago March quarter of 2020, when revenue grew 48%, the results were even more disappointing. Meta shares, however, surged 18% in after-hours trading, after suffering the worst quarter in their history and falling even more in recent days.

Zuckerberg has managed these transitions before, including adopting the Stories format after it took off on Snapchat. He also noted that the transition in 2012 from a desktop feed into a mobile feed for smartphones led to a revenue slowdown, and Facebook’s revenue growth in 2012 did slow to less than 40% from triple-digit gains in the first three quarters in 2011.

Why delete DRS tweet?

You don't have to be scared, this is happening one way or another. So the sooner you redo this and not delete it, the better.

It is good or bad. You can’t have it both ways using a conjunction between 2 sentences

What happened to DRS story?

Alternate title: some lucky mf just made my teachers salary in a night

tpoletti Excellent news!

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Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Facebook earnings beat sends Meta stock soaring, but sales hit slowest growth in a decadeFacebook Meta Platforms Inc. is the latest tech giant to feel an economic pinch. On Wednesday, it reported its slowest sales growth in a decade and issued... I think it's best people focus more on their own lives rather than be bothered about what other's are doing based on the pics they upload on Facebook, their rants and raves, etc. It's just too much unnecessary distraction. Word must have gotten out that Elon is taking over Fakebook next Let ‘em pump it 25% tomorrow! Easy short.
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