Meta Platforms (FB); Former Facebook

[winston]

not vested

Meta Platforms Inc (FB): Announced on Wednesday, April 27

The company beat analyst earnings estimates by 6.2%, reporting earnings of $2.72 per share while analysts expected earnings of $2.56 per share.

Revenue of $27.91 billion missed analysts’ estimates of $28.2 billion by about 1%.

Earnings dropped 18% year-over-year from earnings of $3.30 per share in the same quarter a year ago.

Revenue increased by only 7%, the first time the company has seen sales growth in the single digits and its slowest ever growth rate since going public a decade ago.

CEO Mark Zuckerberg cited ad changes, privacy issues in Apple’s iOS and the war in Ukraine as contributions to the slowdown.

The stock is still down nearly 50% for the year.

But Facebook is obsessed with subscriber and user growth. People think consumers don’t want to stream or add new services, but Facebook contradicted everyone on that.

Source: Investor Place

[winston]

not vested

Meta Platforms: Post-Earnings Reaction Indicates Worst Could Be Over

Meta reported higher than forecast daily users for Q1
Shares had dropped almost 50% this year
Some analysts believe that the reward-risk outlook quite compelling

At $195.50, FB trades for 16 times the estimated earnings, a valuation that seems quite appealing for a company producing a 33% net margin.

Source: Investing.com

https://www.investing.com/analysis/meta ... s_headline

[winston]

not vested

Facebook Sharpens Its Metaverse Weapons

by COLETTE BENNETT

The Meta Quest headset sold 8.7 million units in 2021.

Meta accomplished this by playing up all the non-game offerings available in the headset, from plentiful exercise apps like "Supernatural" to interactive social platforms like its own "Facebook Horizons."

Its newest VR headset is coming this year that's specifically designed for work. Codenamed Project Cambria and promises to mirror users' facial expressions in VR for a more realistic experience in the metaverse.

It plans to debut a total of four new headsets by 2024. Project Cambria will be the first of these.

The next two in line are reported to be new versions of the current Meta Quest 2.
These are codenamed Stinson and Cardiff and scheduled for release in 2023 and 2024.

The final headset is a follow-up to the Project Cambria headset, with a projected 2024 release date.

Source: The Street

https://www.thestreet.com/technology/me ... %2BWeapons

[winston]

not vested

Meta Platforms Inc – Earnings beat, with user growth rebounding
Recommendation: BUY (Maintained); TP US$312.00,

1Q22 earnings in line with expectations.

1Q22 revenue/PATMI at 21/22% of our FY21e forecasts.

EPS beat consensus estimates of by 6% as a result of lower than expected total expenses.

Positive user growth across all metrics for 1Q22, with Facebook DAU rebounding from negative QoQ growth in 4Q21.

Continued negative impact on revenue from suspending operations in Russia, and from strengthening US dollar.

We maintain a BUY recommendation with a DCF target price of US$312.00 (WACC 6.6%, g 3.5%).

Source: Phillips

https://www.stocksbnb.com/reports/meta- ... ebounding/

[behappyalways]

Meta首間實體店開幕! 何謂元宇宙? 八旬長者也嘗鮮｜方念華｜FOCUS全球新聞 20220510
https://m.youtube.com/watch?v=NJKqr5rh9mc

[winston]

not vested

WhatsApp to launch cloud-based tools, premium features for businesses

WHATSAPP is introducing free cloud-based API services in a push to get more businesses using the app,

"Any business or developer can easily access our service, build directly on top of WhatsApp, to customise their experience and speed up their response time to customers by using our secure WhatsApp Cloud API hosted by Meta".

It was planning to provide optional paid features as part of a new premium service for users of its specialised business app, which is geared at small businesses.

A a third of the Uber users ordering rides via WhatsApp in India are new customers.

Source: Reuters

https://www.businesstimes.com.sg/techno ... businesses

[winston]

vested

Zuckerberg's metaverse to lose 'significant' money in near term

MARK ZUCKERBERG said he plans to invest heavily in his company's metaverse ambitions and that will mean losing "significant" amounts of money on the project in the next 3 to 5 years.

The metaverse, an immersive digital world, will eventually make money from a creator economy, as people build businesses selling virtual goods and services, the Meta Platforms chief executive officer said, responding to a question about return on investment at the company's annual shareholder meeting Wednesday (May 25).

"We want to get the hardware to be as affordable as possible for everyone, and make sure the digital economy grows," Zuckerberg said.

In the meantime, the company is betting on revenue growth from an investment in its Reels short-form video services, Zuckerberg said.

Source: BLOOMBERG

https://www.businesstimes.com.sg/techno ... -near-term

[winston]

not vested

Current and former Meta staffers describe confusion, disarray and declining confidence in Mark Zuckerberg as Sheryl Sandberg departs

Source: Fortune

[winston]

Inside Mark Zuckerberg’s billionaire lifestyle: Meta’s CEO may dress down (in US$400 T-shirts), but he splurges on Hawaiian land, mansions, top-notch security, private jets and luxury cars

Facebook, Instagram and Whatsapp’s billionaire CEO was criticised for buying swathes of land in Hawaii – some called him a colonist, but he bought more anyway

He lives in Palo Alto, California with his wife Priscilla Chan and kids and drives a Pagani Huayra – on par with Ferrari and Lamborghini – along with his more humble Honda

by Vandita Agrawal

Source: SCMP

https://www.scmp.com/magazines/style/ce ... gn=3178221

[winston]

not vested

Meta’s $10 billion problem: Slowing ad revenue could hurt its ambitious metaverse plans. Here’s how the company hopes to rebound

BY JEREMY KAHN AND JONATHAN VANIAN

Source: Fortune

https://fortune.com/2022/06/10/meta-pla ... rtunedaily