$Meta Platforms, Inc.(META)$ M

Meta Platforms (META), formerly Facebook, has been on an elevator ride up since November as the firm finally committed to cutting costs as its top-line growth slows. Meta, like Amazon and others over-hired during the pandemic boom. Meta said in mid-March that would cut another roughly 10K jobs in the coming months in what Mark Zuckerberg is calling the “year of efficiency.”

The social media titan’s disappointing 2022 is now in the rearview and it is ready to return to top and bottom line growth as it focuses once again on its core businesses Facebook, Instagram, and WhatsApp, all of which will bounce back from a bad year for digital advertising because its reach is out of this world. Meta’s ‘monthly active people’ popped 4% in Q4 to 3.74 billion, while daily active users jumped up 5% to 2.96 billion, or nearly 40% of the world.

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Comments

nimbly
2023-03-20
nimbly
The AI hype is currently nothing but a speculative bubble that is ripe to burst!!! None of the big tech companies are going to make any significant growth in earnings in the near future from new advances in AI.
cheerzy
2023-03-20
cheerzy
It will eventually be a very big thing but it is many years away and does not deserve to be rewarded in stock prices right now
bubblyx
2023-03-20
bubblyx
I think the fed will continue to hike rates for a while yet, but if they don’t this is not a good sign for stocks.
pixiezz
2023-03-20
pixiezz
Ignore the tik tok distractions..Meta is going higher. When it dips, add to your position. I what I would be doing.
Sim415
2023-03-20
Sim415
Great ariticle, would you like to share it?
fred84
2023-03-18
fred84
Great ariticle, would you like to share it?

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Meta said in mid-March that would cut another roughly 10K jobs in the coming months in what Mark Zuckerberg is calling the “year of efficiency.”\nThe social media titan’s disappointing 2022 is now in the rearview and it is ready to return to top and bottom line growth as it focuses once again on its core businesses Facebook, Instagram, and WhatsApp, all of which will bounce back from a bad year for digital advertising because its reach is out of this world. Meta’s ‘monthly active people’ popped 4% in Q4 to 3.74 billion, while daily active users jumped up 5% to 2.96 billion, or nearly 40% of the world.</body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$&nbsp;</a>\nMeta Platforms (META), formerly Facebook, has been on an elevator ride up since November as the firm finally committed to cutting costs as its top-line growth slows. Meta, like Amazon and others over-hired during the pandemic boom. 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None of the big tech companies are going to make any significant growth in earnings in the near future from new advances in AI.","text":"The AI hype is currently nothing but a speculative bubble that is ripe to burst!!! None of the big tech companies are going to make any significant growth in earnings in the near future from new advances in AI.","html":"The AI hype is currently nothing but a speculative bubble that is ripe to burst!!! 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