Meta stock spikes despite earnings miss, as Facebook hits 2 billion users for first time and sales guidance quells fears

Meta Platforms Inc. shares soared in late trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new year and promised more share repurchases amid cost cuts. Meta META, +2.79% said it hauled in $32.17 billion in fourth-quarter revenue, down from $33.67 billion … Read more

Snap ‘is between a lot of hard rocks,’ but Facebook and Google may be safer investments, analysts say

Are Snap Inc.’s problems of its own making or reflective of broader challenges in the digital-advertising space? With Snap shares SNAP, +4.24% down 15% in premarket trading Wednesday after another disappointing earnings report, that’s the key question yet again—especially as rivals Meta Platforms Inc. META, +1.30% and Alphabet Inc. GOOG, +1.96% GOOGL, +1.96% prepare to … Read more

Could Big Tech layoffs keep growing? Apple, Amazon, Facebook and Google may give hints in biggest week of earnings

In the biggest week of the holiday-earnings season, Big Tech results will receive the spotlight amid thousands of layoffs that could only be the beginning. After tech stocks were decimated in 2022, investors will be looking for signs of a turnaround in holiday reports and potential forecasts for the year ahead from three of 2022’s … Read more

TikTok’s digital ad market share is growing. How will Google and Facebook react?

The clock is ticking on U.S. social media companies’ dominance in digital advertising. TikTok, a favorite among those under 30, is gobbling up market share to the detriment of Alphabet Inc.’s GOOGL, +2.31% GOOG, +2.46% Google, Facebook parent company Meta Platforms Inc. META, +3.95%, and Snap Inc. SNAP, +4.34% — all of whom report quarterly … Read more

Meta pays Buzzfeed nearly $10 million to generate content for Facebook, Instagram

Facebook parent Meta Platforms Inc. is paying BuzzFeed Inc. millions of dollars as part of an effort to bring more creators to the social-media giant’s platforms, according to people familiar with the situation.  The partnership comes as both companies are embracing the creator economy, in which individuals build large social-media audiences by posting videos and other content, and often make … Read more

Facebook to allow Trump back on platform after 2-year ban

Facebook parent Meta Platforms Inc. META, -1.15% will restore former President Donald Trump’s Facebook and Instagram accounts after the social-media platform banned him in the wake of the Jan. 6 riot at the U.S. Capitol in 2021. The reinstatement of those accounts is set to happen “in the coming weeks,” Nick Clegg, Meta’s president of … Read more

Happy new year 2023 images, Facebook cover, Status for WhatsApp Instagram

Happy New Year 2023

Happy new year:-Here you can find Happy New Year 2023 Facebook Covers with correct dimensions. With the latest new year wishing images, you can now update your personal profiles and professional FB page’s timeline cover photos. To appeal to your fans and friends, pick the greatest suitable cover and download it for free. What occurred … Read more

Google joins Intel, Microsoft Amazon, Salesforce and other major companies laying off thousands of people

Google parent Alphabet has joined Intel, Microsoft, Coinbase, Cisco, Amazon, Salesforce, HP, Roku, Beyond Meat, Meta and Twitter in announcing major layoffs in recent months, with the tech giant confirming plans to lay off about 12,000 workers. So here’s a look at the growing list of big names across a number of sectors that have … Read more