Meta's disappointing Q4 2021 report caused a massive plunge in its stock, currently down over 22% in the after-hours trading session.
Meta’s disappointing Q4 2021 report caused a massive plunge in its stock, currently down over 22% in the after-hours trading session.
Facebook’s global daily active users decreased from the previous quarter for the very first time – to 1.929 billion from 1.930 billion. Supposedly, this made it harder to target and measure the ads posted on Instagram and Facebook. Additionally, the company also cited macroeconomic issues.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MicroStrategy’s Bitcoin Impairment Charge Swells to $147 Million in Q4 2021The company has incurred successive impairment charges over the past six quarters taking the total to nearly $1 billion.
Read more »
Microstrategy lost $146M to Bitcoin impairment charges in Q4 2021The impairment losses of $146.6 million were the third-highest for the company where it accounted for 25% of its BTC purchase in the same quarter.
Read more »
Meta Stock Falls Over 20% After Metaverse Project Loses Over $10 Billion In 2021Investors weren't pleased with the company's profitability—even after anticipating that its shift toward virtual reality and the metaverse would eat away at income.
Read more »
Shares of Facebook parent Meta plunge 22% on lower profitsMeta’s shares fell 22.6% to $249.90 in after-hours trading. If the drop holds until the market opens Thursday, the company’s overall value is on track to drop by nearly $200 billion.
Read more »
Meta Platforms Stock Plunges After Former Facebook Misses Q4 ForecastShares in Meta Platforms, the tech giant formerly known as Facebook, plunged in after-hours trading after the company missed Wall Street forecasts for earnings in the fourth quarter. The stock, whi…
Read more »
MicroStrategy Takes $147M Impairment Charge on Bitcoin Holdings in Q4The software firm recently told the SEC it would revise its disclosures related to adjustments for impairments on its digital assets.
Read more »