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Stock futures fall after Meta Platforms, IBM report quarterly results: Live updates CNBCMeta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash CNBCMeta's Earnings Disappointment Sparks Fear in Big Tech BloombergMeta's stock sags under the weight of aggressive AI spending FortuneMeta's Miss Sparks Fear in Tech World With Big Earnings Looming Yahoo Finance
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ALGN earnings call for the period ending March 31, 2024.
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Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash CNBCMeta's Miss Sparks Fear in Tech World With Big Earnings Looming Yahoo FinanceZuckerberg burns some goodwill on Wall Street as he plows forward with metaverse MarketWatchInstant Reaction: Meta's Outlook Spooks Investors BloombergMeta's Costs Rise Rapidly as Zuckerberg Vows to Keep Spending on AI Arms Race
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AI continues to drive Meta's year-long recovery. Revenue from its Advantage Shopping Campaigns (ACS) more than doubled since last year, Meta CEO Mark Zuckerberg said during the Q1 2024 earnings call. Meta, the parent company of Instagram and Facebook, reported a 27% increase in revenue, reaching $36.5 billion compared to $28.6 billion in 2023. Advertising...
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