Meta shares soar as Facebook records strong user growth
Shares of Facebook parent Meta platforms rose 13% on Wednesday as the company reported quarterly daily active users above Wall Street estimates, even as it recorded its slowest revenue growth in a decade, Reuters reports.
Daily active users, a key metric for advertisers that indicates activity on Facebook, were 1.96 billion, slightly higher that the estimate of 1.95 billion, according to IBES data from Refinitiv.
Meta has lost about half of its value since the start of the year, after a dismal February earnings when it reported a decline in Facebook’s daily active users for the first time and forecast a gloomy quarter.
The company has blamed factors including Apple’s privacy changes and increased competition from platforms like TikTok. In these latest results, Meta forecast second-quarter revenue between $28 billion and $30 billion. Analysts on average were expecting current-quarter revenue of $30.63 billion.
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17:03
International congress marking Sergei Parajanov's anniversary held in Madrid
Upon the initiative of the Chair of Armenian Studies at the Complutense University of Madrid and with the support of the Armenian Embassy in...
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16:35
Political analyst: US election outcome exposed failure of Pashinyan's policies
Political analyst Suren Surenyants has reacted to Republican nominee Donald Trump’s victory in the 2024 U.S. presidential election.
In...
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16:06
Kate Middleton 'back training at the gym' and expected to resume overseas travel
The Princess of Wales is starting to return to royal duties in the name of causes close to her heart, HELLO! reports.
Last month she...
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15:50
Levon Ter-Petrosyan undergoes minor surgery
Armenia's former President Levon Ter-Petrosyan has successfully undergone a minor surgery, his spokesperson Arman Musinyan reveals....
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15:35
Clear weather expected in next few days
Clear weather is expected in Armenia on Wednesday and in the next few days.
Temperatures are set to further drop by 3-4C on Wednesday,...
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14:57
UJA slams Armenian parliament speaker's disrespectful behavior towards reporter
The Armenian Union of Journalists on Tuesday issued a statement blasting National Assembly Speaker Alen Simonyan for his disrespectful behavior...
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14:34
Pashinyan congratulates Trump on 'impressive' election win
Armenian Prime Minister Nikol Pashinyan has congratulated Donald Trump on his victory in the U.S. presidential election.
"Warmest...
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14:11
Armenian parliament speaker accused of insulting reporter
Armenian National Assembly Speaker Alen Simonyan has come under fire for disrespectful behavior towards Vahe Makaryan, a reporter for the...
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13:30
World leaders congratulate Trump on election victory
World leaders raced to praise Donald Trump as he claimed a stunning US election victory over Kamala Harris, while financial markets also...
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13:15
France, Kazakhstan express full support for Armenia-Azerbaijan normalization
France and Kazakhstan expressed their full support for the normalization of relations between Armenia and Azerbaijan in a joint statement issued...
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12:24
Trump declares victory in US presidential election
Donald Trump declared victory in the presidential election early Wednesday morning as the Republican led Kamala Harris in projected Electoral...
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12:06
Turkey sticks to condition for normalization with Armenia
Turkey again linked the normalization of Armenian-Turkish relations with a peace agreement between Armenia and Azerbaijan....
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11:35
World Youth Championships: Armenian chess players among leaders after 7 rounds
The 7th round of the FIDE World Youth Chess Championships was held in Florianópolis, Brazil, on Tuesday.
FM Aleks...
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11:25
Next week’s UN climate summit in Baku will further enrich ruling Aliyev clan
By Harut Sassounian
www.TheCaliforniaCourier.com
Over the years, there have been several reports exposing the billions of dollars that...
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11:13
Trump projected to win US presidency
Former President Donald Trump is projected to win the presidency, securing a second term nearly four years after he left Washington under a...
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10:50
Benefector Karen Vardanyan donated 119 million drams to two military sports colleges
The future military specialists will have much more opportunities for physical training. Military Sports Specialized Colleges named after Tigran...
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17:03
Raúl among potential candidates for Armenia manager
Raúl is being considered among the potential candidates for the new head coach of Armenia’s national football team, Armen...
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16:46
Putin reiterates Russia's commitment to normalizing Armenian-Azeri relations
Moscow is doing all it can to help relations between Azerbaijan and Armenia to normalize and sees these countries as its natural strategic...
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16:30
Colder weather ahead in Armenia
Clear weather is expected in Armenia’s regions on Tuesday and in the next few days.
Strong winds of up to 25 m/s are forecast for some...
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16:12
Nearly 58% of survey respondents dissatisfied with Pashinyan's performance
According to a Gallup International Association survey, nearly 58% of respondents are dissatisfied with Armenian Prime Minister...
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15:31
Global prayer for Armenian hostages in Azerbaijan on the eve of COP29
On the initiative of His Holiness Catholicos of All Armenians Karekin II, an ecumenical (global) prayer for peace and justice in Armenia and the...
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15:15
Putin receives credentials from new Armenian ambassador
Russian President Vladimir Putin on Tuesday received letters of credence from 28 newly arrived foreign ambassadors, including Armenian...
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14:43
Azerbaijan has no plans to leave Armenian territories, MP claims
MP Tigran Abrahamyan of the opposition Pativ Unem faction has called attention to the discussion on the sequence of border sections for...
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14:05
Georgian travel agency deletes post on Armenia's Lori, unavailable on president's page
Georgian travel agency Adjara Voyage has deleted its social media post describing Armenia's Lori Province as “historical...
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13:35
EU officials visited Armenia for visa liberalization talks, deputy FM says
EU officials have travelled to Armenia for visa liberalization talks, Deputy Foreign Minister Paruyr Hovhannisyan said on Tuesday....
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13:15
Greta Thunberg boycotts COP29 in Baku
Swedish climate activist Greta Thunberg has announced her decision to boycott the upcoming COP29 climate summit, set to take place in Baku,...
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12:59
UN court to deliver judgment on Armenia v. Azerbaijan case on November 12
On Tuesday 12 November, the International Court of Justice (ICJ), the principal judicial organ of the United Nations, will deliver its...
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12:33
Opposition MP asks to postpone independence declaration debates
Opposition Hayastan faction MP Gegham Manukyan on Tuesday asked a parliamentary committee to postpone debates on a statement defending...
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12:03
Senator Markey: COP29 should be used to hold Azerbaijan accountable for war crimes
U.S. Senator Ed Markey insists that COP29 should be used to hold the Azerbaijani government accountable for its war crimes....
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11:34
Armenia appoints new justice minister
Srbuhi Galyan has been appointed Armenia’s new justice minister.
President President Vahagn Khachaturyan signed a relevant decree...
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