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FB stock

“You won’t need a Facebook account to use our other services,” Zuckerberg said in introducing the Meta name. Meta shares fell through their 50-day line on Sept. 20, offering a sell signal. That was two days ahead of the company’s Sept. 22 blog post warning of a “greater impact” from Apple’s recent iOS updates. In Q2, Meta’s Reality Labs division, focused on growing the metaverse via augmented- and virtual-reality headsets and software, lost $2.81 billion in the quarter on revenue of $452 million. Discuss news and analysts’ price predictions with the investor community. Meta Platforms updated its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company issued revenue guidance of $30.00 billion-$32.50 billion, compared to the consensus revenue estimate of $31.52 billion.

Meta Price Targets

In its Q2 report, Meta scaled back total-year expenses to a range of $85-$88 billion, down from $87 billion-$92 billion in April and its original outlook of $90-$95 billion. Forex By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Specifically, they have bought $0.00 in company stock and sold $4,556,851.00 in company stock.
  • Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price.
  • The Barchart Technical Opinion rating is a 88% Sell with a Weakest short term outlook on maintaining the current direction.
  • Now, online advertising is in a slump, as an economic slowdown exacerbates the end of a pandemic-fueled e-commerce boom.
  • While there’s no quick fix, Meta’s resources and demonstrated expertise in ad targeting suggests it’s relatively well positioned to recover from Apple’s hit over time.

The stock information is provided by TickerTech, stock charts are provided by Q4 Inc., both third party services, and Meta does not maintain or provide information directly to this service. Facebook is Meta’s biggest app and the fall in daily active users is its first since the company was founded in 2004. FB Financial Corp. is a bank holding company, which provides commercial and consumer banking services to clients in select markets Trade Facebook stock with DotBig primarily in Tennessee, North Alabama, and North Georgia through its subsidiary. WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Facebook stock was originally listed at a price of $38.23 in May 18, 2012. If you had invested in Facebook stock at $38.23, your return over the last 10 years would have been 191.42%, for an annualized return of 11.29% .

For Business

Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis. The highest, average, and lowest price target of all analysts. Provide specific products and services to you, such as portfolio management or data aggregation. Morningstar Quantitative ratings for equities are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. The Barchart Technical Opinion rating is a 88% Sell with a Weakest short term outlook on maintaining the current direction.

FB stock

Facebook Inc. is an American company based in Menlo Park, California. The company owns the social network Facebook, the video and photo sharing app Instagram, the messenger WhatsApp and Oculus VR, the manufacturer of virtual reality hardware. Meta Platforms, Inc., engages in the development of social media applications. It builds technology that helps people connect, find communities, and grow businesses. It operates through the Family of Apps and Reality Labs segments. Google parent Alphabet, which reported earnings Tuesday, also struggled amid a downturn in digital ads. Revenue from Google advertising was $54.5 billion in the three months from July to September, down from $56.3 billion the prior quarter.

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