META's Fall: Lessons for NIO's CEO Li Bin ?
@JC888:
On Thu, 25 Apr 2024, social media giant $Meta Platforms, Inc.(META)$ delivered its Q1 2024 earnings. To me it is a stellar set of results in all honesty. (see below) Meta - Q1 2024. Revenue gained +27% YoY. Net income gained +117% YoY. Earnings per share gained +114% YoY. It’s other key metrics were equally impressive and rightly so. Otherwise its earnings would not have been that fantastic, overall! (see below) Daily usage have grown by +7% YoY. This is a “hugh” number running into the billions. Ad impression have increased by +20% YoY. This is a very important matrix to maintain or increase a company’s visibility on consumers’ radar. Meta’s 2023 staff layoff has resulted in headcounts reduction, amounting to 10% of total staff strength; where sa