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NaYourNews is an online news aggregating website where only fact checked stories are published.
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Updating your news feed...
NaYourNews is an online news aggregating website where only fact checked stories are published.
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The results are in! Meta, Facebook's parent company, reported an increase in revenues, users, and stock value during its first quarter of 2022 that exceeded the forecast of experts, according to Al Jazeera. However, Mark Zuckerberg's company is not out of the woods yet.
Shares of the company trading on Wall Street surpassed 15 percent. The stock value reached 2,72 US dollars per share, which Al Jazeera points out beats the analyst consensus of 2,56 US dollars.
Forbes points out that something that helped Meta was that the number of people on Facebook rose 4%, reaching 1,95 billion users, slightly more than the 1,94 billion that was estimated
In total, Forbes reported, the parent company of Facebook and Instagram, had a profit of 7,4 billion US dollars. However, this is still a drop of 21% from the same time last year.
