_meta39s-stock-plummets-19-after-earnings-call-wiping-out-36200-billion-in-market-value.jpg "Meta's Stock Plummets 19% After Earnings Call, Wiping Out $200 BILLION in Market Value from pami video call Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:43
👁 View: 2.1M times
✓ Published: 26-Apr-2024
👁 View: 2.1M times
✓ Published: 26-Apr-2024
Description:
Meta's stock price dropped nearly 19% after hours on Wednesday, wiping out over $200 billion in market value following the company's first-quarter earnings call. On the call, Meta CEO Mark Zuckerberg spent most of his opening remarks focusing on the company's investments in AI and the metaverse rather than advertising, which currently generates 98% of revenue. Zuckerberg discussed projects like Meta AI, augmented reality glasses, and the company's mixed reality headset operating system, which could enable future monetization.
Meta's stock price dropped nearly 19% after hours on Wednesday, wiping out over $200 billion in market value following the company's first-quarter earnings call. On the call, Meta CEO Mark Zuckerberg spent most of his opening remarks focusing on the company's investments in AI and the metaverse rather than advertising, which currently generates 98% of revenue. Zuckerberg discussed projects like Meta AI, augmented reality glasses, and the company's mixed reality headset operating system, which could enable future monetization.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
_my-ex-girlfriend-called-me-pami-cried.webp "SUHAIL - VLOGGER")
_call-of-duty-x-fallout-crossover-coming.webp "It seems that Call of Duty and Fallout are set to crossover, according to a recent report from industry insiders.")
_our-instagram-inbox.webp "SUHAIL - VLOGGER")
_the-amazing-digital-circus-teaser.webp "Gooseworx")
_we-talked-with-ghost-calling-haunted-numbers-at-midnight.webp "SUHAIL - VLOGGER")
_when-calls-the-heart-11x05-season-11-episode-5-trailer-stronger-together.webp "When Calls the Heart 11x05 Season 11 Episode 5 Trailer - Stronger Together - Episode 1105")
_teen-among-19-busted-in-jb-scam-call-centre-raids.webp "A 16-year-old teenage girl is among 19 suspects arrested for alleged involvement in a fake investment scam based in the city centre in Johor Baru. <br/><br/>The suspects were allegedly working as call centre agents and were hauled in between 10.55am and 5pm on Thursday (April 25).<br/><br/>Their supervisor, a man in his 40s, was also arrested.<br/><br/> Read more at https://shorturl.at/hrwzG<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline")
_when-calls-the-heart-season-11-episode-4-hub-channel.webp "When Calls the Heart Season 11 Episode 4")
_my-ex-girlfriend-called-me-pami-cried.jpg)
_call-of-duty-x-fallout-crossover-coming.jpg)
_our-instagram-inbox.jpg)
_the-amazing-digital-circus-teaser.jpg)
_we-talked-with-ghost-calling-haunted-numbers-at-midnight.jpg)
_when-calls-the-heart-11x05-season-11-episode-5-trailer-stronger-together.jpg)
_teen-among-19-busted-in-jb-scam-call-centre-raids.jpg)
_when-calls-the-heart-season-11-episode-4-hub-channel.jpg)
![[+]](/images/menu.gif){kind=small}