01-04-2023, 09:47 AM
Big tech's fiscal Q2 results show a strong impact from competitors on their services and attempts to reverse this effect. With that, the company has been increasing its attention to AI and ads in short videos to retain the attention of its users. Like other technology companies listed on NASDAQ, Meta, a holding company that includes companies such as Facebook, WhatsApp, Instagram and Oculus in its conglomerate, exposes its retrospective of the last quarter from its "conference call", presenting its future projections and explaining its results.
Negative points positive points and future paths. February 2022 was an extremely turbulent month for Meta. On the third day of the month, after disclosing the results for the last quarter of 2021, they had the biggest devaluation Email Data of market capitalization in a single day in history among publicly listed companies in the US, with a drop of more than US$ 252 billion in a single day. Pictured: Biggest single-day drops in market capitalization of US public companies) (Credits: Statista) The company had its worst monthly stock performance in history, including dropping out of the top 10 most valuable companies in the S&P 500.
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According to Bloomberg Facebook's holding company, which was worth about $1.07 trillion in September last year, today has seen nearly half of its market value melt away, being worth $567 billion at the end of May 2022. In terms of revenue, Meta reported around US$ 27.81 billion, a number around 1.11% lower than expected, and also a net profit around 21.4% lower than expected, obtaining approximately US$ 7 .46 billion. This devaluation is due to a series of factors, such as the stagnation of user growth against the rise of TikTok.
Negative points positive points and future paths. February 2022 was an extremely turbulent month for Meta. On the third day of the month, after disclosing the results for the last quarter of 2021, they had the biggest devaluation Email Data of market capitalization in a single day in history among publicly listed companies in the US, with a drop of more than US$ 252 billion in a single day. Pictured: Biggest single-day drops in market capitalization of US public companies) (Credits: Statista) The company had its worst monthly stock performance in history, including dropping out of the top 10 most valuable companies in the S&P 500.
According to Bloomberg Facebook's holding company, which was worth about $1.07 trillion in September last year, today has seen nearly half of its market value melt away, being worth $567 billion at the end of May 2022. In terms of revenue, Meta reported around US$ 27.81 billion, a number around 1.11% lower than expected, and also a net profit around 21.4% lower than expected, obtaining approximately US$ 7 .46 billion. This devaluation is due to a series of factors, such as the stagnation of user growth against the rise of TikTok.