Meta stock plunges 15.5%, loses $200 bn in value on higher expense projections
In its Q1 earnings report, Meta reports a revenue surge of 27% at $36.46 billion. Net income more than doubles to $12,369 million
meta platforms
April 2024
April 2023
August 2022
June 2022
Meta's revenue up 3% YoY in Q1 of CY23
The company’s total cost and expenses surged 10% YoY to $21.42 billion during the period under review, as against $19.4 billion in the same period last year.
Meta raises $10 bn in first-ever bond offering to fund metaverse projects
Meta, which owns Facebook, Instagram, and WhatsApp, intends to use raised capital to revamp its business and fund share buybacks.
Meta COO Sheryl Sandberg resigns after 14 years
Javier Olivan has been named as the next COO of Facebook.
