DAPs continue to increase, reaching 3.27 billion, while the new social app Threads aims to attract more users and engagement. Meta's Q2 2024 results were positive, with the FoA segment generating high
Meta Platforms and Pinterest kicked off earnings season for social-media stocks with contrasting results. Now Snap and Reddit need to show advertising and AI payoffs.
An ad revenue surge and growth of Meta's (META) A.I. assistant became the highlights of the big tech company's earnings.

Nasdaq Surges 1%; Meta Posts Upbeat Earnings

10:15am, Thursday, 01'st Aug 2024
U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining around 1% on Thursday.
Not many companies can truly say that. But Meta META is already seeing tangible benefits from AI, including through the content recommendations it gives to users that make them more deeply engaged wit
The share price of social media giant Meta Platforms (NASDAQ: META) is in the spotlight after the company reported robust Q2 2024 results, surpassing most analysts' estimates.
Clearly the Fed feels they can afford seven more weeks of dwindling labor market and inflation data.

Meta Begins To Make The Same Mistakes Again

09:20am, Thursday, 01'st Aug 2024
Meta Platforms, Inc.'s revenue continues to grow with strong ad prices and high single-digit growth in every segment, especially in Europe. The company's expenses remain high, particularly in Reality

Nasdaq expected to continue rally, led by Meta

09:13am, Thursday, 01'st Aug 2024
Whatsapp and Instagram owner Meta Platforms is expected to lead a continuation of the big tech rally on Thursday, the first day of August.  S&P 500 and Nasdaq 100 futures both were up 0.4% ahead of t

Meta Earnings: Nvidia Investors Got Great News

09:11am, Thursday, 01'st Aug 2024
Meta is not done investing in AI.
When it comes to stocks, CEOs should follow a simple rule: beat and raise — e.g., if a company's most recent revenue growth and future guidance exceed Wall Street expectations, its stock price usual
If the proof is in the results, then Meta Platforms NASDAQ: META Q2 results prove that increased spending on AI pays off. Its numbers are best described as wow-worthy, reminiscent of NVIDIA's NASDAQ:
Barton Crockett, Rosenblatt Securities senior research analyst, joins 'Squawk Box' to discuss Meta's quarterly earnings results, state of the company's AI adoption, and more.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Meta Platforms' (META) second-quarter 2024 performance benefits from higher advertising revenues, expanding AI integration and a strong user base.
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