Why Facebook Stock Fell Today

What happened Shares of Facebook (NASDAQ:FB) sank 3.9% on Tuesday, following the release of the social media giant’s third-quarter results.  So what  Facebook’s revenue jumped 33% year over year to $29 billion, driven by continued growth in its core digital ad business. Those gains, however, fell short of Wall Street’s expectations for revenue of nearly $29.6 billion.  Facebook’s monthly active […]

Microsoft beats revenue expectations, reporting 22% growth

Microsoft shares edged 2% higher in extended trading Tuesday after the software and hardware maker reported fiscal first-quarter earnings that exceeded analysts’ estimates. Here’s how the company did: Earnings: $2.27 per share, adjusted, vs. $2.07 as expected by analysts, according to Refinitiv. Revenue: $45.32 billion, vs. $43.97 billion as expected by analysts, according to Refinitiv. Total company revenue […]

Mark Zuckerberg says Facebook’s future is ‘young adults’ and the metaverse

Amid reports that Facebook has misled shareholders about significant declines in teens and younger users, Mark Zuckerberg said the company was “retooling” in order to make “serving young adults” its top priority. To do that, the company plans to make “significant changes” to its Facebook and Instagram apps, and spend billions of dollars building out […]