Meta (formerly Facebook) has posted its fiscal Q4 results and the overall buzz resulted in a decrease of more than 20% in share price in after-hours trading. Earnings per share for Q4 fell short of forecasts ($3.67 versus $3.84 according to Refinitic via CNBC) though revenue was $33.67 billion, just over the forecasted $33.4 billion via CNBC. Meta’s daily and monthly active users also fell short of expectations, with 1.93 billion DAUs (daily active users) compared to 1.95 billion (according to Street Account via CNBC), and 2.91 billion MAUs (monthly active users) compared to the...
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