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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