FB: Meta Platforms Inc Stock Price Quote

In addition, the company is providing resources specific to eating disorders as well as developing AI to ensure that children under the age of 13 can't sign up for Facebook or Instagram. On December Forex news 24, 2021, a court in Russia fined Meta for $27 million after the company declined to remove unspecified banned content. The fine was reportedly tied to the company's annual revenue in the country.

Facebook stock

The company also expected measures taken by Apple, Inc. to protect user privacy to cost it some $10 billion in advertisement revenue, an amount equal to roughly 8% of its revenue for 2021. In meeting with Meta staff the day after earnings were reported, Zuckerberg blamed competition for user attention, particularly from video-based Forex news apps such as TikTok. Facebook is one of the world’s most popular social media platforms, and Facebook as a company is one of the most valuable in the world as well. Facebook is the “F” in the FAANG stocks, but since 2017 the stock hasn’t been such a great performer, instead trading sideways in a fairly large range.

Who is Facebook (Meta)'s CEO?

Brad Gerstner, whose fund Altimeter Capital holds hundreds of millions of dollars worth of Meta stock, sharply criticized the company’s strategy in an open letter this week. The social media juggernaut, Meta's huge moneymaker, is battling challenges from upstarts like TikTok, which is grabbing younger consumers. By comparison, Facebook had a massive base of 1.98 billion active daily users on average for September — a 3% increase from a year ago. On a Wednesday conference call to discuss Meta's latest earnings, Zuckerberg Facebook stock told investors he is "pretty confident this is going in a good direction." Faced with concern from investors about the losses, Zuckerberg said he was confident that spending on the metaverse and other “experimental bets” would begin to pay off. With a 13% Meta stake, Zuckerberg has seen his net worth plummet by $90bn so far this year because most of his fortune is in the company’s shares. His holding stood at just over $125bn at the start of 2022, according to Bloomberg data, but its value has now fallen to $35bn.

  • Zuckerberg also accredited the decline to increasing competition from TikTok.
  • Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure.
  • Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade.
  • It lost its spot among the top 20 US companies by market cap, despite reaching the top 5 in the previous year.
  • Meta Platforms, Inc., engages in the development of social media applications.
  • Facebook was founded in 2004 by four Harvard University students, one of which is the company's Chief Executive Officer , Mark Zuckerberg.

Splitting up Facebook’s business from its metaverse project could be one way to restore the company’s share price, said Sir Martin Sorrell, the founder of digital advertising company S4 Capital. Bulls such as Oppenheimer analyst Jason Helfstein remind clients that Meta Platforms remains the world's largest social networking company, with 3.7 billion monthly users across all properties. That gives it enormous leverage across its extant businesses, and a huge leg up as it moves to building out the metaverse. Social networking is the use of internet-based social media platforms to make connections and share various media with friends, family, colleagues, or customers.

YouTube, Instagram among Gen Z's most-used social media platforms: Study

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Facebook stock

Through its platforms and applications, users can share information, ideas, photos, and videos. In addition to its main social networking site, Meta also offers photo-sharing app Instagram and messaging https://complextime.com/invest-in-facebook-fb-with-dotbig-forex-broker/ apps Messenger and WhatsApp. Most of Meta's revenue is generated by selling advertising to marketers. Market Cap is calculated by multiplying the number of shares outstanding by the stock's price.

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