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Facebook shares plunge more than 20% on weak earnings, big forecast miss

Facebook earnings came in below expectations for the fourth quarter, and the company said numerous challenges are ahead in the first quarter. Inflation, supply chain disruptions at advertisers and users shifting to products that "monetize at lower rates" are among the key issues the company faces. Revenue in the first quarter will be between $27…
United States Cathie Wood Mark Zuckerberg Exchange Commission Morgan Stanley Active Users

Facebook Fell more than 23% after hours as the company delivered Disappointing Earnings pointing to Apple's Privacy Changes hitting hard

While Apple and Alphabet recently delivered blowout quarters, Facebook imploded with company shares tumbling more than 23% in extended trading on Wednesday. The company reported disappointing earnings and gave a weaker-than-expected forecast.
While Apple Key Results Active Users Facebook Fell More Than 23 After Hours As The Company Delivered Disappointing Earnings Pointing To Apples Privacy Changes Hitting Hard

Earnings Season: Facebook's stinging loss

Quarterly user numbers drop for the first time as Facebook/Meta shares disappointing fourth quarter results. Facebook earnings Facebook Q4 2021 headline stats Despite revenues coming in ahead of expectations, Facebook earnings fell in a downbeat quarter for the social media giant. With shares down 20% after its report, things are looking fairly bleak for Zuckerberg […]
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