As a seasoned tech enthusiast with decades of observation under my belt, I must say, the latest financial report from Facebook (META) has left me quite impressed. The impressive revenue and earnings beat, coupled with the staggering 3.27 billion daily active users across their social apps, is a testament to their enduring dominance in the digital realm. It’s like watching a giant red octopus expand its tentacles further into our daily lives, but with less suction cups and more cute cat videos.
Facebook (Meta Platforms) announced better-than-expected earnings and revenue figures in its recent financial statement, boosting its share prices in after-hours trading. Moreover, the report shared data about the company’s various social applications, collectively boasting 3.27 billion daily active users during the quarter.
Meta Platforms Inc., Facebook’s parent company, disclosed its Daily Active Users (DAU) count under the “Operational and Financial Highlights” section of its financial report. This figure stood at approximately 3.27 billion in June 2024, marking a 7% increase compared to the same period last year. During their earnings call, CEO Mark Zuckerberg also mentioned that WhatsApp has reached a user base of 100 million monthly users.
After market close, Facebook (Meta) stocks saw a notable increase due to their strong second quarter 2024 financial performance, as outlined in their earnings report.
From my perspective as a passionate follower, it’s worth noting that Facebook’s Reality Labs division incurred a staggering loss of approximately $4.488 billion according to their latest financial reports. For the latest updates at the fascinating intersection of finance and technology, make sure you’re right here on Shacknews!
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2024-08-01 00:27