On Feb. 24, 2021, the Australian government passed legislation that effectively requires Meta’s Facebook and Alphabet’s Google platforms to pay news publishers for use of their content on the tech giants’ platforms. The law forces the tech companies and news publishers to submit to binding arbitration if they cannot reach a deal on terms of payment. On Feb. 2, 2022, Meta reported earnings results for Q4 FY 2021 earnings. FB stock In a slide presentation of the results, the company indicated that daily active users of Facebook declined slightly compared to the previous quarter. Meta offers social media products and services to billions of users worldwide, mainly individuals and families. It’s also used by small and large companies, and political organizations. Nobody is suggesting that Facebook is at risk of going out of business.
- Given the latest developments, we cannot determine the next direction as it may go both ways.
- The stock is trading at its lowest since January 2019 and is about to close out its third straight quarter of double-digit percentage losses.
- While that represents between 3-11% year-over-year growth, it also represents a decline from fourth quarter revenue of $33.7 billion.
- Zhao, from University of Chicago, says there’s immense uncertainty surrounding the metaverse’s prospects.
- Meta is currently one of the top 10 components of the S&P 500, which is a U.S. stock market index that tracks the performance of the largest companies in the country.
This chart has been the most requested in DMs for updates. I believe META will continue its growth in the future as the METAVERSE expands and come out as a front runner in 2023. We will have it rough on the markets until the end of the year, I view… Market cap is the total market value of a publicly traded company’s outstanding shares. Our clearing firm, Apex Clearing Corporation, has purchased an additional insurance policy. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash.
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Businesses are removing Facebook’s once-ubiquitous social login button from their websites. Facebook’s market cap is calculated by multiplying META’s current stock price of $132.80 by META’s total outstanding shares of 2,687,548,472. Since Mark Zuckerberg co-founded Facebook in 2004 along with several of his Harvard University classmates, the company has become an integral part of the daily lives of nearly two billion people around the world. Meta has played a major role in shaping social media, society and perhaps even democracy itself. As its new name implies, Meta is now focused on the metaverse, which Zuckerberg describes as “the next frontier” of the internet.
No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC. An indication of interest to purchase securities involves no Forex news obligation or commitment of any kind. The company reported healthy revenue growth, beating analyst predictions. It met expectations with 2.9 billion monthly active users — a metric Meta uses to measure Facebook’s global footprint.
Has Meta Ever Split Its Stock?
See FB stock price and Buy/Sell Meta with any amount of money. Discuss news and analysts’ price predictions with the investor community. Social networking is the use of internet-based social media platforms to make connections and share various media with friends, family, colleagues, or customers. Many users have since chosen to not be tracked, causing many advertisers to cut spending on advertising on social media platforms like Facebook. No matter what happens in the next year https://www.cnbc.com/money-in-motion/ or two or even three, Zuckerberg has made clear that the future of the company is in the metaverse, where he’s banking on new businesses forming around virtual reality. The number of daily active users in the U.S. and Canada has fallen in the past two years, from 198 million in mid-2020 to 197 million in the second quarter of this year. Globally, user numbers are up about 10% over that stretch and are expected to increase 3% a year through 2024, according to FactSet estimates.
The company still has a dominant position in mobile advertising and has one of the most profitable business models on the planet. Even with a 36% drop in net income in the latest quarter from the prior year, Meta generated $6.7 billion in profit and ended the period with over $40 billion in cash and marketable securities. What will be the price of Facebook Shares tomorrow, in a week, in a month, in a year? Our unique mathematical division will help you take the right step on the path of the investor. Stocks are a good investment in the short, medium and long term. Depending on the brokerage account you choose, you may be able to buy FB stock with zero-commission fees — likely from your computer or smartphone.