Meta Platforms, Inc. (META)
| Market Cap | 433.09B |
| Revenue (ttm) | 119.67B |
| Net Income (ttm) | 37.34B |
| Shares Out | 2.71B |
| EPS (ttm) | 14.40 |
| PE Ratio | 11.11 |
| Forward PE | 14.22 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 31,423,933 |
| Open | 160.31 |
| Previous Close | 161.25 |
| Day's Range | 155.00 - 160.62 |
| 52-Week Range | 154.25 - 384.33 |
| Beta | 1.38 |
| Analysts | Buy |
| Price Target | 301.60 (+88.5%) |
| Earnings Date | Jul 27, 2022 |
About META
Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messa... [Read more...]
Financial Performance
In 2021, Meta Platforms's revenue was $117.93 billion, an increase of 37.18% compared to the previous year's $85.97 billion. Earnings were $39.37 billion, an increase of 35.08%.
Financial StatementsAnalyst Forecast
According to 69 analysts, the average rating for META stock is "Buy." The 12-month stock price forecast is 301.6, which is an increase of 88.46% from the latest price.
News
Meta starts testing NFTs as Facebook posts as part of Mark Zuckerberg's metaverse quest
Meta is trialing NFTs as Facebook posts with a small group of US creators despite NFT sales plunging to its lowest levels in a year.
Why Meta Platforms Sank 16.7% in June
The social media giant is warning about tough times ahead for the company.
Mark Zuckerberg issues dire economic warning to Meta employees
Mark Zuckerberg has issued a chilling message to Meta Platforms Inc. employees: The company faces one of the “worst downturns that we've seen in recent history” that will necessitate a scaling back in h...
Facebook Slams the Brakes on Hiring: Should You Sell Meta Stock?
CEO Mark Zuckerberg sees tough times ahead.
Meta's Novi Service to Be Phased Out: What you need to know
Facebook's parent is getting out of the troubled cryptocurrency project.
Meta CEO Zuckerberg says he's ‘turning up the heat' on performance goals
Yahoo Finance's Allie Garfinkle discusses Meta's vulnerability to an economic downturn and CEO Mark Zuckerberg's latest comments on running the tech company.
Mark Zuckerberg Prepares Meta Employees for a Tougher 2022
In an internal meeting this week, Mr. Zuckerberg said the tech giant was facing one of the “worst downturns that we've seen in recent history.
The last remnant of Facebook's crypto project shuts down September 1
Meta plans to shutter its Novi digital wallet just eleven months after the company formerly known as Facebook debuted it.
Meta to Announce Second Quarter 2022 Results
MENLO PARK, Calif. , July 1, 2022 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ: META) announced today that the company's second quarter 2022 financial results will be released after market close on Wedn...
Economic Downturn Prompts Meta to Cut Budget, New Engineer Hires
Meta told employees to brace for changing economic tides as it reduces hiring outlooks for engineers and leaves other positions unfilled, according to multiple media reports. In a weekly Q&A session ob...
Meta will become the top player in social by 2023, says Truist's Youssef Squali
Youssef Squali, Truist managing director, joins 'The Exchange' to discuss social media stocks and a potential opportunity for Meta to dethrone TikTok.
Mark Zuckerberg: We're ‘turning up the heat' at Meta so employees will quit
"Realistically, there are probably a bunch of people at the company who shouldn't be here," Zuckerberg said.
With the recession looming, ad spending is going to come down, says fmr. Google ads SVP
Google's former SVP of ads and commerce Sridhar Ramaswamy joins 'TechCheck' to discuss ad spending and how the threat of a recession could impact corporate advertising budgets.
Why Meta Stock Is Falling Hard Today
Meta investors didn't like recent comments made by CEO Mark Zuckerberg.
Facebook Pilots Ethereum, Polygon NFTs with Select Creators
Meta is piloting non-fungible tokens (NFTs) with Ethereum and Polygon for select U.S. creators on Facebook and will soon add Solana and Flow, a Meta spokesperson told Decrypt. The move follows the socia...
Meta slashes hiring plans, girds for 'fierce' headwinds
Facebook-owner Meta Platforms Inc (META) has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn.
Meta cuts hiring target as it prepares for 'fierce' headwinds
Meta Platforms, the parent company of Facebook, has cut plans to hire engineers by 30% this year, according to CEO Mark Zuckerberg. CNBC's 'Squawk Box' team reports.
Facebook's Meta warns of engineer job cuts, sharp downturn ahead: report
Facebook owner Meta is bracing for a sharp downturn, with plans to cut 30% of engineer jobs this year, Chief Executive Officer Mark Zuckerberg told employees on Thursday, Reuters reported. "If I had to ...
Exclusive-Meta CEO Zuckerberg: engineering hiring target for 2022 reduced to around 6,000-7,000 -employee Q&A
Meta Platforms has reduced its target for hiring engineers in 2022 to around 6,000-7,000, down from an initial plan to hire about 10,000 new engineers, Chief Executive Mark Zuckerberg said on Thursday.
Internal Facebook memo warns company must be disciplined, prioritize ruthlessly
Meta chief product officer Chris Cox detailed the company's financial dilemma in an internal memo that detailed key areas where the social media giant plans to invest.
Meta girds for ‘fierce' headwinds, slower growth in 2nd half
Facebook-owner Meta Platforms is bracing for a leaner second half of the year.
Exclusive-Meta girds for 'fierce' headwinds, slower growth in second half -memo
Facebook-owner Meta Platforms Inc is bracing for a leaner second half of the year, as it copes with macroeconomic pressures and data privacy hits to its ads business, according to an internal memo seen ...
Facebook begins testing NFTs with select creators in the US
After debuting NFT support on Instagram in May, Meta has launched digital collectibles support on Facebook with select creators. A spokesperson for Meta told TechCrunch that the company has started a sl...
Why Meta Platforms Investors Were Nervous on Thursday
A Wall Street analyst is predicting tough times for the social media giant.
This FAANG Stock Is Too Cheap to Ignore
Mark Zuckerberg's company is sitting on the clearance rack.