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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Source: MarketWatch - 🏆 3. / 97 Read more »