Facebook Investors Freak Out About Expense Guidance (Again)
Facebook (NASDAQ: FB) reported third-quarter earnings last night, and despite the ongoing scandal surrounding Russian political ads, ad revenue soared 49%, to $10.1 billion. Net income skyrocketed by 79%, to $4.7 billion, or $1.59 per share. Monthly active users (MAUs) now stand at 2.07 billion, including 1.37 billion daily active users (DAUs). Mobile continues to drive the business, comprising 88% of all ad revenue during the quarter.
Shares are down modestly today, though, likely due to the company's expense outlook for next year.
Facebook's data center in Lulea, Sweden. Image source: Facebook.
Source: Fool.com
Meta Platforms Inc. Stock
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With a target price of 500 € there is a slightly positive potential of 16.55% for Meta Platforms Inc. compared to the current price of 429.0 €.
