Meta Stock Pops On Q4 Earnings Beat, Takes $4.2 Billion Charge After Massive Layoffs, FB Daily Active Users At 2 Billion

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Meta Stock Pops On Q4 Earnings Beat, Takes $4.2 Billion Charge After Massive Layoffs, FB Daily Active Users At 2 Billion
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Mark Zuckerberg’s Meta, parent of Facebook and Instagram, posted upbeat financials today to Wall Street’s surprise and relief. Earnings fell but were hit by a $4.2 billion restrcuturing charge after laying off 11,000 people late last year

, posted upbeat financials today to Wall Street’s surprise and relief, beating on revenue and daily active users. Earnings fell but were hit by a $4,2 billion restrcuturing charge after laying off 11,000 people late last year.

Facebook’s daily active users of 2 billion at year end were up 4%. Monthy active users of 2.96 billion were up 2%.

 

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Snap's earnings may hold positive news for Meta, GoogleSnap's earnings may hold positive news for Meta, GoogleA rise in a key advertising metric for Snap Inc that reported an otherwise insipid quarter could bode well for Facebook owner Meta Platforms and Alphabet , analysts said on Wednesday.
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Exxon smashes Western oil majors' earnings record with $59 billion profit By ReutersExxon smashes Western oil majors' earnings record with $59 billion profit By Reuters⚠️BREAKING: *EXXON SHARES SLUMP AS Q4 REVENUE LAGS WALL STREET ESTIMATES DESPITE RECORD $59 BILLION PROFIT - $XOM 💥
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Exxon smashes Western oil majors' earnings record with $56 billion profit for 2022Exxon smashes Western oil majors' earnings record with $56 billion profit for 2022Exxon Mobil Corp posted a $56 billion profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. 38 years of criminal lawlessness Well that is interesting. Prior to slamming them, I would want to know what the running average is as the news never reports their losses? I'm so glad all that gain sharing will trickle down to all their employees...
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GM Surprises With Record 2022 Earnings Of $14.5 Billion | CarscoopsGM Surprises With Record 2022 Earnings Of $14.5 Billion | CarscoopsGM expects the success to continue into 2023 as the company gears up to launch a slew of new EVs
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Altria tops earnings estimates for Q4, board approves $1 billion share buyback programAltria tops earnings estimates for Q4, board approves $1 billion share buyback programAltria Group Inc. said Wednesday it had net income of $2.690 billion, or $1.50 a share, in the fourth quarter, up from $1.624 billion, or 88 cents a share,...
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