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Facebook earnings cut in half, Meta stock sinks toward lowest prices in more than 6 years

Por: MarketWatch Business October 27, 2022

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Meta executives issued a fourth-quarter revenue forecast of $30 billion to $32.5 billion, while analysts were forecasting $32.3 billion. Daily active users, which edged up 3% to 1.98 billion, were in line with analysts’ projections of 1.98 billion for the quarter. “While we face near-term challenges on revenue, the fundamentals are there for a return to stronger revenue growth,” Meta Chief Executive Mark Zuckerberg said in a . “We’re... + full article



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