Investors were looking to big technology earnings to set the tone for the market. So what should they make of Meta Platforms Inc.'s latest report, which brought a ho-hum revenue forecast and an upped

Downbeat Guidance Drags Meta Platforms Stock

10:17am, Thursday, 25'th Apr 2024
Meta Platforms Inc (NASDAQ:META) stock is down 13% at $429.32 at last glance -- its lowest level since Feb. 1 -- after the company's quarterly report.

Stocks sink after weak GDP data, Meta's miss

10:06am, Thursday, 25'th Apr 2024
The Dow nosedived along with the S&P 500 and Nasdaq Composite after a fresh read on U.S. GDP fell well short, and earnings Facebook parent Meta disappointed investors.
Meta shares tumbled 15% during premarket trading on Thursday after the company issued weak revenue guidance that overshadowed its first-quarter earnings beat.
Meta Platforms' weak revenue guidance hit the stock and the broader tech sector badly. But strong long-term future of the tech sector, likely Fed rate cuts from late-2024 are tailwinds for the space.
U.S. stock futures fell in premarket trading on Thursday after Meta spooked investors with its AI spending plans, raising concerns about what awaits when Microsoft and Google report after the bell.

A Mega Market Reset for Meta Platforms Stock

08:46am, Thursday, 25'th Apr 2024
Anyone waiting for a pullback in Meta Platforms NASDAQ: META stock should cheer the Q1 results. The news underscores the company's strengths yet resulted in a 15% correction in the share price.
Tech stocks tumbled in premarket trading Thursday after lackluster forecasts from Facebook parent Meta spooked investors across the sector, a sign that Wall Street's willingness to embrace artificial
Meta's tracking ads business could be facing further legal blows in the European Union: An influential advisor to the bloc's top court affirmed Thursday that the region's privacy laws limits on how lo
Though Meta's first-quarter results beat expectations, revenue guidance was disappointing. Strong first-quarter results helped the social network specialist's earnings per share more than double year

Dow Jones, Wall Street seen lower as Meta slumps

07:08am, Thursday, 25'th Apr 2024
Wall Street looked to be dragged lower by a slump in Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) shares overnight after the technology giant disappointed with guidance in Wednesday's first quar
Among the standout performers dubbed the ‘Magnificent Seven,' Meta (NASDAQ: META) shines with an impressive 42% year-to-date growth, fueling analyst optimism and setting high revenue targets for the
Meta shares plunged as much as 15% in premarket trading, dragging US futures lower. Investors weren't convinced by Mark Zuckerberg's plan to keep spending tens of billions on AI.
One of Nvidia's biggest customers, Meta Platforms, raises its projected investment in artificial intelligence but highlights the role of its in-house chips.
Disappointing corporate earnings are putting the sector under pressure early Thursday.
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