News from San Mateo County
Stay current with all the latest and breaking news about San Mateo County, compare headlines and perspectives between news sources on stories happening today. In total, 1,583 stories have been published about San Mateo County which Ground News has aggregated in the past 3 months.
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Meta · Menlo ParkUS Futures Tumble After Facebook Implodes; GDP Data On Deck The three-day rebound from last week's rout ended with a thud after the close yesterday when Meta imploded, plunging as much as 17% and losing $200 billion in market cap, after the company revealed disappointing revenue guidance coupled with higher capex projections. The report sent US futures lower, and as of 7:50am, S&P futures are down 0.6% with Nasdaq futures sliding 1% (Meta accoun…See the Story
US Futures Tumble After Facebook Implodes; GDP Data On Deck
100% Right coverage: 1 sources
Facebook · Menlo ParkThe American tech giant Meta, who owns the social network Facebook, on Wednesday reported that his four-year profit had otherwise increased, but the course of his shares had increased despite the cost of artificial intelligence, and on Wednesday, the shares of Meta were priced, in a prolonged trading session on Wall Street, for 15.13 percent to 418.85 dollars.See the Story
STA: The company increased profits, the shares went down despite that.
CFO · Menlo ParkMeta (formerly called Facebook) pretty much ignored the social media elephant in the room today on a post-earnings conference call, with chief financial officer Susan Li saying it’s too early to discuss what just happened in Washington, D.C. President Biden has signed into law a bill that would force TikTok’s Chinese parent company to divest the hugely popular U.S. app within about nine months or risk it being banned.
TikTok said it will take …See the Story
Meta Eyeing “Events Related To TikTok Closely” But Too Early To Talk Impact Of Possible Ban, CFO Says
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