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Stories published on Jul 31
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  • Stories published on Jul 31

Wednesday, Jul 31

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Facebook (META) reports 3.27 billion daily active people across its family of apps at the end of Q2

www.shacknews.com

Facebook, Instagram, and WhatsApp combined for 3.27 billion DAUs for parent company Meta in Q2 2024.

Meta AI celebrity chatbots have been exactly as popular as you’d expect

The way some companies with big AI dreams are thinking, smartphone users want nothing more than to get advice from, be entertained by, and interact with virtual chatbots. Meta is betting so big on this concept that it just launched a major…

Strong earnings report pushes Meta shares up amid heavy AI spending

www.theguardian.com

Stock price grew around 5%, which revealed the company outperformed analysts’ expectations for its second quarter

Facebook (META) Reality Labs lost $4.488 billion in Q2 2024

www.shacknews.com

Reality Labs' losses continue with no expectations that will change any time soon.

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Facebook parent Meta posts stronger-than-expected Q2 results, sending shares higher after hours

wtop.com

SAN FRANCISCO (AP) — Facebook and Instagram parent company Meta Platforms Inc. reported stronger-than-expected results for the second quarter on…

Facebook Parent Meta Shares Pop On Strong Q2 Advertising

deadline.com

Facebook, Instagram and WhatsApp parent Meta said daily active users across its family of apps rose 7% last quarter to 3.27 billion as ad impressions jumped 10% for total revenue of about $39.1 billion, up 22% and above Wall Street…

Facebook parent Meta delivers strong quarter, sending shares soaring

nypost.com

Net income jumped 73% to $13.5 billion, and revenue rose 22% to $39.07 billion.

Meta Reports Q2 User, Revenue Growth

Total ad impressions delivered across Meta’s apps increased by 10% year over year, while the average price per ad also rose by 10%.

Game Trader Live - July 31, 2024 - Reacting to META, QCOM, ARM, EBAY & more

www.shacknews.com

It's the end of the month, and Shacknews is back with our investing and trading show.

Facebook (META) Q2 2024 earnings results beat EPS and revenue expectations

www.shacknews.com

Facebook posted a massive beat on all fronts for its latest financial quarter.

Meta's Reality Labs posts Q2 revenue up 28% YoY of $353M, vs. $371M est., and operating loss of $4.48B, vs. $4.55B est.; Reality Labs has lost ~$50B since 2020 (Jonathan Vanian/CNBC)

www.techmeme.com

Meta's Reality Labs posts Q2 revenue up 28% YoY of $353M, vs. $371M est., and operating loss of $4.48B, vs. $4.55B est.; Reality Labs has lost ~$50B since 2020 — Meta's ambitious plans to develop the metaverse is still costing the company…

Meta’s Push Into AI Development Shows Promise With 73% Surge in Net Income

www.thewrap.com

The tech giant beat Q2 estimates, reporting revenue of $39.1 billion, up 22% from 2023

Meta Beats Wall Street Estimates But Warns AI Spending Will Surge In 2025

Meta handily beat Wall Street estimates in Q2 2024, but it warned investors that it continues to lose billions on its “Reality Labs” division, and added that the company expects to spend even more next year as it builds out its artificial…

Meta Platforms Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance — 'Meta AI Is On Track To Be The Most Used AI Assistant In The World'

www.benzinga.com

Meta Platforms Inc (NASDAQ:META) reported financial results for the second quarter after market close on Wednesday. Here’s a look at the key metrics from the quarter.

Meta Earnings Deliver: Stock Jumps As Profits Soar 73%

www.forbes.com

The Facebook parent company beat Wall Street estimates for quarterly profits and sales on the back of $38 billion in advertising revenue.

Meta Q2 Sales Jump 22% in Wall Street Beat as Its AR/VR and Metaverse Business Loses Billions

variety.com

Meta’s social-media empire keeps minting digital-ad dollars — while its metaverse and AR/VR business continues to rack up bigger losses. The company, which operates apps including Facebook, Instagram and WhatsApp, reported top-line revenue…

Meta’s Reality Labs posts $4.5 billion loss in second quarter

www.cnbc.com

Meta's virtual reality and augmented reality focused Reality Labs unit recorded an operating loss of $4.48 billion in the second quarter.

Meta Q2: revenue up 22% YoY to $39.07B, net income up 73% to $13.47B, family daily active people up 7% to 3.27B on average for June; META jumps 5%+ after hours (Meta)

www.techmeme.com

Meta Q2: revenue up 22% YoY to $39.07B, net income up 73% to $13.47B, family daily active people up 7% to 3.27B on average for June; META jumps 5%+ after hours — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the…