Posted on 04/24/2024 4:02:09 PM PDT by Eccl 10:2
Meta Platforms, Inc. Class A Common Stock is expected* to report earnings on 04/24/2024 after market close. The report will be for the fiscal Quarter ending Mar 2024. According to Zacks Investment Research, based on 14 analysts' forecasts, the consensus EPS forecast for the quarter is $4.32. The reported EPS for the same quarter last year was $2.64.
(Excerpt) Read more at nasdaq.com ...
EAT IT ZUCKY !!!
On zerohedge.
Meta Shares Are Crashing After Zuck Spooks Investors Over “Significant” AI Spend
Eh, not a big deal. Practically doubled over the recent AI hype, so this is just a slight pulling in of the reins.
https://finance.yahoo.com/quote/META
It is from the weak 2Q guidance.
In addition, I think folks were looking for a reason to sell as it had a nice run before the market topped out.
Like he cares
I’m put on restrictions at least twice a month. There are a couple of groups I follow and I can’t comment. So I unfollow them, and then I can comment.
Late to the AI game. It is still a huge cash cow, raking in $10+ billion a month in revenue. Blew a fortune on those metaverse helmet thingamabobs and now realize they need AI for all kinds of future developments. But most of the talent in that field has been employed by the many major players already deep in the field, so they will have to spend dearly to recruit and train.
In other news, Zuck is trying to be “politically neutral” going forward and is causing a lot of angst among hard core leftists. Not sure where that is going for Meta, whether its a PR thing or sincere change of heart. I mean, the dude blew $400 million on elections in 2020. He’s not personally neutral but maybe as a business decision he sees some writings on the walls.
I have not posted on Facebook for 6 years. Nor have I posted on any of the other social media sites. Not even Twitter or Truth Social. I don’t think my personal life is anyone’s business, nor is getting into arguments with brain dead liberals.
I won’t say I never post... but maybe once in the last year and twice in the last three. Usually something sappy and sentimental marking some silly event. For work, I will occasionally post business related news a few times a year, but that is tied to a business account not to me personally.
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