Facebook parent Meta’s stock plummets after dismal earnings | everything know

In case you missed it, Facebook’s parent firm Meta stock took a nosedive this week after the company released its earnings report for the first quarter of 2019. The report revealed that Facebook’s growth is slowing down, which caused Meta’s stock to drop by more than 20 percent. This was the biggest one-day loss for a publicly traded company in nearly six years. So, what does this all mean? And what does it mean for Facebook users? Let’s take a closer look.

Facebook parent Meta’s stock plummets after dismal earnings

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Facebook parent Meta’s stock plunged Thursday after the social media giant reported disappointing earnings for the fourth quarter.

The stock dropped as much as 9 percent in after-hours trading, before slightly recovering. The drop wiped out more than $50 billion in market value.

The company reported a profit of $2.56 billion, or 85 cents a share, on revenue of $26.01 billion. Analysts had been expecting earnings of $1.19 a share on revenue of $26.44 billion, according to FactSet.

Meta said its daily active users rose to 1.52 billion in the fourth quarter from 1.51 billion in the third quarter, while analysts had been expecting an increase to 1.54 billion users. Monthly active users rose 10 percent to 2.32 billion from 2.11 billion a year earlier, compared with analyst expectations for 2.34 billion monthly users, according to FactSet Consensus Metrix forecasts..

“Our community continues to grow and our business is doing well,” Meta CEO Mark Zuckerberg said in a statement Thursday evening announcing the results

What caused the stock to plummet?

There are a few key factors that caused Meta’s stock to plummet after their dismal earnings report. Firstly, the company reported a loss of $120 million which was significantly higher than the $52 million loss that was expected by analysts. Secondly, revenue for the quarter came in at $141 million which was below the $150 million that was expected. Lastly, Meta also announced that it would be cutting around 15% of its workforce which spooked investors.

How this affects Facebook

The social media landscape is constantly changing, and Facebook is no exception. The company’s parent, Meta, saw its stock plummet after dismal earnings were announced. This could mean big changes for Facebook, including less ad revenue and fewer users. It’s important to stay up-to-date on the latest social media news so you can be prepared for anything that might happen to your favorite platforms.

WhatMeta is doing to try and salvage the situation

Since the release of Facebook’s dismal earnings report, parent company Meta has seen its stock prices plummet. In an attempt to salvage the situation, Meta has implemented a number of measures.

First and foremost, Meta is trying to increase transparency with shareholders and the public. This includes holding more frequent earnings calls and sharing more information about the company’s finances.

Meta is also working to improve its financial performance. This includes cutting costs and increasing revenue. One way the company is doing this is by growing its advertising business.

Finally, Meta is trying to shore up investor confidence in the company. This includes hiring a new chief financial officer and making changes to its board of directors.

Meta’s stock also plummets

Meta’s stock also took a hit after the company reported dismal earnings for the fourth quarter of 2018. The company’s stock fell more than 12% in after-hours trading on Thursday, after it reported a loss of $16 million, or 9 cents a share, on revenue of $38 million. That was well below the expectations of analysts, who had forecast a loss of just 2 cents a share on revenue of $39 million.

Facebook’s problems continue

Facebook’s problems continue to mount, as the parent company of the social media giant, Meta, saw its stock plummet after reporting dismal earnings. The company reported a loss of $157 million in the first quarter, and its stock fell by nearly 20%. This is just the latest in a string of bad news for Facebook, which has been plagued by controversies ranging from data privacy to election meddling.

In addition toMeta’s poor earnings report, Facebook itself is facing a number of challenges. The company is under investigation by the US government for potential antitrust violations, and it faces lawsuits from both users and shareholders over its handling of data privacy. In addition, public trust in Facebook has eroded in recent years, as the company has been embroiled in a number of scandals.

All of these factors are taking a toll on Facebook’s business. The company’s user growth has slowed down significantly in recent quarters, and its stock price has taken a beating as well. It remains to be seen how long Facebook can weather this storm, but it is clear that the social media giant is facing some serious challenges.

Meta’s future uncertain

It’s been a rough few months for Facebook’s experimental virtual reality subsidiary, Meta.

The company has laid off a significant portion of its staff, and its stock price has taken a beating after disappointing earnings reports. Some analysts are now questioning whether Meta can survive as an independent company.

Meta was founded in 2013 with the goal of developing advanced augmented reality technology. But the company has struggled to bring its products to market and generate revenue.

Meta’s future is now uncertain. It remains to be seen if Facebook will continue to invest in the struggling subsidiary or if it will be forced to shut down operations.

Conclusion

It’s been a rough few months for Facebook parent company Meta. After a disappointing earnings report, the stock prices for Meta have taken a beating, plunging over 20% in just a matter of days. This is bad news for shareholders, but it also raises some serious questions about the future of Facebook and its various platforms. Can Meta turn things around? Only time will tell.

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