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.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
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17:07
Winter military draft starts in Armenia on November 25
The winter conscription for compulsory military service starts in Armenia on November 25 to run through January 31, 2025.
The...
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16:45
Russian spokeswoman told not to comment on ballistic missile strike live on air
Russia's foreign ministry spokeswoman Maria Zakharova received a phone call during a live press briefing on Thursday telling her not to...
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16:33
Belgian politicians call for immediate release of all Armenian prisoners held in Baku
In the backdrop of the COP29 currently taking place in Baku 20 members of the Belgian Federal Parliament, the Flemish Parliament, the Walloon...
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16:06
Armenia thwarts large-scale drug smuggling attempt
Officers of Armenia’s State Revenue Committee (SRC) have foiled an attempt to smuggle some 1,600 grams of cocaine into the country as part...
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15:33
Armenian government reduces financial aid for Artsakh refugees
The Armenian government on Thursday approved a decision to reduce financial aid for the displaced Artsakh Armenians.
Starting from...
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14:45
Percival Everett wins National Book Award
Percival Everett has won the $10,000 National Book Award for fiction, one of the US’s most prestigious literary prizes, for James, his...
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14:35
Pyunik v West Armenia match canceled
An Armenian Premier League match between FC Pyunik and West Armenia has been canceled.
The 17th round match was scheduled for November 21....
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14:06
Armenian Foreign Ministry denies cooperation with Azerbaijan on water management
Armenia’s Foreign Ministry has denied claims of cooperation with Azerbaijan on transboundary water resources management.
In a social...
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13:36
No rain in sight for rest of the week
Clear weather is expected in Armenia's regions from Thursday to Sunday.
Rain and snow are forecast for most parts of the country...
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13:06
Pashinyan thanks dismissed officials for cooperation
Armenian Prime Minister Nikol Pashinyan expressed gratitude to the dismissed top government officials for joint work and wished good luck to...
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12:36
Armenian church marks Presentation of Virgin Mary
The Armenian Apostolic Church celebrates the Presentation of the Blessed Virgin Mary on Thursday, November 21.
According to tradition,...
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12:15
Luxembourg's parliament demands immediate release of all unlawfully imprisoned persons in Azerbaijan
Luxembourg’s Chamber of Deputies has adopted a resolution condemning the Azerbaijani government’s sanctions against the freedom of...
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12:00
Davit Khudatyan appointed minister of territorial administration
Armavir Governor Davit Khudatyan has been appointed Minister of Territorial Administration and Infrastructure.
Armenian President Vahagn...
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11:45
Australia launches bill to ban social media for children under 16
Australia's centre-left government on Thursday introduced a bill in parliament that aims to ban social media for children under 16 and...
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11:30
Armenia's Andranik Avetisyan wins gold at World Military Wrestling Championships
The 37th World Military Wrestling Championships kicked off in Yerevan, Armenia, on Wednesday, bringing together 400 participants...
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11:10
Leopard missing for two years spotted in Armenia's Tavush
A leopard, that lost its front paw and disappered from Armenia's Vayots Dzor Province in December 2022, has been spotted in...
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17:09
Armenian political analyst warns of risk of nuclear war
Political scientist Stepan Danielyan has warned of an imminent threat of nuclear war after the Russian nuclear doctrine change.
President...
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16:45
Rain, snow expected in parts of Armenia
Rain and snow are forecast for some parts of Armenia on Wednesday, overnight Thursday, late on Sunday and next Monday.
Clear weather is...
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16:22
GM Robert Hovhannisyan qualifies for FIDE World Cup
The European Individual Chess Championship 2024 has concluded.
GM Aleksandar Indjic from Serbia became the champion, scoring 9 points...
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15:46
Cher reveals she lost her virginity at 14 to get revenge on boyfriend
Cher has revealed she lost her virginity at age 14 as an act of revenge against her teenage boyfriend, The Independent reports.
In part...
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15:32
Political analyst: Azerbaijan transported weapons to Nakhichevan 5 times in 4 days
Political analyst Sergei Melkonian, a research fellow at the Applied Policy Research Institute (APRI Armenia), says Azerbaijani planes carrying...
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15:04
Azerbaijan attempts to distort Energy Charter goals in lawsuit against Armenia
Azerbaijan is attempting to distort the content and goals of the Energy Charter Treaty by trying to link it to the Nagorno-Karabakh conflict,...
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14:32
Armenian MP calls for tough response to destruction of Artsakh heritage
Opposition lawmaker Tigran Abrahamyan calls for a tough international response to Azerbaijan’s destruction and desecration of Armenian...
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13:52
Arpine Sargsyan appointed Armenian interior minister
Armenian President Vahagn Khachaturyan on Wednesday signed a decree to appoint Arpine Sargsyan as Armenia’s new interior minister....
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13:30
November 20 is World COPD Day
World Chronic Obstructive Lung Disease (COPD) Day is marked annually on November 20.
World COPD Day is organized by the Global...
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13:06
Yerevan to spend some 549.7 million drams on New Year celebrations
The Yerevan Municipality will spend 549.7 million drams on the upcoming New Year celebrations in the Armenian capital, Deputy Yerevan Mayor...
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12:34
Pashinyan names pick for new minister of territorial administration
Prime Minister Nikol Pashinyan has named Davit Khudatyan as his pick for Armenia's new minister of territorial administration and...
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12:15
Amnesty International urges Georgia to respect right to peaceful assembly
Reacting to the news that police in Tbilisi, Georgia’s capital, have violently dismantled a protesters’ tent camp, Denis Krivosheev,...
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12:05
'Dictators release political prisoners only when they face consequences,' lawyer says
Azerbaijan, a country often criticized for its authoritarian governance and human rights abuses, is hosting the 29th United Nations Climate...
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11:30
Armenia blocks Artsakh movie from nomination for Oscars
By Harut Sassounian
TheCaliforniaCourier.com
In my last week’s article I criticized the government of Jordan for buckling under...
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