Snap Up, Zuck Down
The world is changing, and oh, how the tables have turned. On Thursday, Snap showed up behemoth-sized rival Meta, formerly known as Facebook, by reporting a profit for the first time as a public company.
Meta, on the other hand, experienced the worst crash in stock market history, losing $251 billion in value in one day.Snap’s good fortunes were an unexpected bright spot on Thursday, which was dominated by Meta’s deep dive. Although its profit was modest—or $23 million in the last quarter of 2021, compared to $4.1 billion in revenue for the year—the results marked an important turning point., reporting 319 million daily active users in the last quarter of 2021, an increase of 54 million year-over-year.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Snap is finally profitable | EngadgetNearly five years after going public, Snap is finally profitable.
Lire la suite »
First Mover Asia: Crypto Prices Plunge Late After Weak Meta EarningsBitcoin's two-day winning streak ended. The largest crypto by market capitalization fell sharply in late U.S. trading on Wednesday. Ether and other major altcoins also dropped. MuyaoShen and JPRubin23 report
Lire la suite »
Meta Shares Plunge 20% as Facebook Reports Losing Daily Users for the First TimeMeta's disappointing Q4 2021 report caused a massive plunge in its stock, currently down over 22% in the after-hours trading session.
Lire la suite »
Jack Dorsey: Diem was a waste of time, Meta should’ve focused on BTCIn an interview with Microstrategy CEO Michael Saylor, Bitcoin proponent and former Twitter CEO Jack Dorsey took a swing at rival Facebook’s failed crypto stablecoin project, Diem.
Lire la suite »
Meta adds 3D avatars to Instagram stories, Facebook posts and MessengerMeta has announced it will add 3D avatars to a host of company platforms, including Instagram, Facebook and Messenger, in a move to get users to grow familiar with online avatars during the company's metaverse push.
Lire la suite »
Meta, formerly Facebook, faces historic drop as stock tanksShares in Facebook parent company Meta are in the midst of their worst day ever Thursday after the social media giant reported a rare decline in profit due to a sharp increase in expenses as it invests heavily in its transformation.
Lire la suite »