Social Media Stocks Slumped in Premarket Trading after Meta’s Disappointing Financial Result

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Social Media Stocks Slumped in Premarket Trading after Meta’s Disappointing Financial Result

Tiger Newspress2022-02-03

Social media stocks slumped in premarket trading after Meta’s disappointing financial result.

In Meta's report, the new focus on grouping application revenue into "Family of Apps" has actually slightly obscured the fact that the namesake Facebook app actually declined quarter-over-quarter in daily active users.

Earlier, Morgan Stanley dove into engagement data to find clues about which social media companies could leverage it for monetization.

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Eded
·2022-02-03
Metaverse and social media concept stocks all collapse
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Tiyenger
·2022-02-03
Dirt cheap!
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ALIBINHASSAN
·2022-02-03
Yes... Hello goodbuy
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Aphrodisiac_
·2022-02-03
Buy with a lot of consideration⛔️
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JenneyJJ
·2022-02-03
Buy the dip!
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