The Latest Breaking News from Meta

 

According to Benzinga Pro, during Q4, Meta Platforms (NASDAQ:FB) earned $10.29 billion, a 11.87% increase from the preceding quarter. Meta Platforms also posted a total of $33.67 billion in sales, a 16.07% increase since Q3.

UBS reduced the price target for Meta Platforms, Inc. (NASDAQ: FB) from $400 to $280. Meta Platforms shares dropped 22.3% to $251.10 in pre-market trading.

Mega-cap stocks, such as Alphabet (GOOGL), Meta Platforms (FB), and Nike (NKE), are generally considered all-weather stocks due to their ability to endure harsh economic downturns and protect investors from market volatility. Therefore, we believe investors that are seeking to buck market volatility should add these stocks to their watchlist.…

The social network looks increasingly like a legacy product for a company more focused on other projects.

Meta Platforms Inc.'s (NASDAQ: FB)  CEO Mark Zuckerberg has listed two factors that are having an impact on the company's business.

Facebook’s user growth faltered in the latest quarter, the first stagnation in the social network’s history, part of dire earnings that caused Meta Platforms Inc’s stock to collapse 20% in pre-market trading on Thursday, wiping about $200 billion from its market value.

Boss Mark Zuckerberg said: “People have a lot of choices for how they want to spend their time and apps like TikTok are growing very quickly"

Changes to Facebook Messenger, announced by parent company Meta, mean that users will now be notified when people screenshot their messages