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Meta stock plunges 12% on lukewarm earnings, despite strong advertising numbers
The social media company said it had a 'good start to the year,' but investors seem to think it wasn't good enough.
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Earnings call: Meta’s Ad Revenue Hits $35.6B, emphasizes role of AI in advertising
The rise in the price of ads was driven by advertiser demand and was partially offset by impression growth from lower monetizing regions/surfaces (devices used to consume content).
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While Mark Zuckerberg-Led Meta Battles Advertiser Complaints, Elon Musk Continues To Thrash Facebook, Instagram For Allegedly Stealing 'Credit For Traffic'
Tesla and SpaceX CEO Elon Musk has once again accused Mark Zuckerberg-led Meta Platforms, Inc. (NASDAQ:read more