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Meta shares are up 170% since bottoming out in November 2022, despite virtually no revenue growth, as investors focus on dramatic cost-cutting efforts (Jonathan Vanian/CNBC)
Jonathan Vanian / CNBC: Meta shares are up 170% since bottoming out in November 2022, despite virtually no revenue growth,…
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Snap reports Q1 revenue down 7% to $989M, vs. $1.01B est., global DAUs up 15% YoY to 383M, vs. 384M est., and a $329M net loss, vs. $360M YoY; SNAP drops 20%+ (Jonathan Vanian/CNBC)
Jonathan Vanian / CNBC: Snap reports Q1 revenue down 7% to $989M, vs. $1.01B est., global DAUs up 15% YoY…
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Meta's Reality Labs division reports Q1 revenue of $339M, down from $695M YoY, and operating loss of $3.99B, up from a $2.96B loss YoY (Jonathan Vanian/CNBC)
Jonathan Vanian / CNBC: Meta’s Reality Labs division reports Q1 revenue of $339M, down from $695M YoY, and operating loss…
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AlphaSense, which offers financial data to businesses, raised $100M led by CapitalG at a $1.8B valuation, after raising $225M at a $1.7B valuation in June 2022 (Jonathan Vanian/CNBC)
Jonathan Vanian / CNBC: AlphaSense, which offers financial data to businesses, raised $100M led by CapitalG at a $1.8B valuation,…
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Influencers, small businesses, and others say Meta gutting its customer service teams during layoffs has left them grappling with scammers and technical issues (Jonathan Vanian/CNBC)
Jonathan Vanian / CNBC: Influencers, small businesses, and others say Meta gutting its customer service teams during layoffs has left…
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In its presentation of the new Copilot features, Microsoft acknowledges their tendency to produce inaccurate responses but says the tech can be "usefully wrong" (Jonathan Vanian/CNBC)
Jonathan Vanian / CNBC: In its presentation of the new Copilot features, Microsoft acknowledges their tendency to produce inaccurate responses…
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Meta's limited ad targeting options and Amazon's ad product investments are leading brands to shift their budgets to Amazon; Amazon's ad business grew 19% in Q4 (Jonathan Vanian/CNBC)
Jonathan Vanian / CNBC: Meta’s limited ad targeting options and Amazon’s ad product investments are leading brands to shift their…
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Pinterest reports Q4 revenue up 4% YoY to $877M, vs. $886.3M est., net income of $17M, and global MAUs up 4% YoY to 450M; stock drops 10%+ on weak Q1 guidance (Jonathan Vanian/CNBC)
Jonathan Vanian / CNBC: Pinterest reports Q4 revenue up 4% YoY to $877M, vs. $886.3M est., net income of $17M,…
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Snap Q4: revenue flat YoY at $1.3B, vs. $1.31B est., DAUs up 17% YoY to 375M, vs. 375.3M est., and a $288M net loss, vs. $23M in net income YoY; stock down 13%+ (Jonathan Vanian/CNBC)
Jonathan Vanian / CNBC: Snap Q4: revenue flat YoY at $1.3B, vs. $1.31B est., DAUs up 17% YoY to 375M,…
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CCS Insight: global shipments of VR and AR devices fell 12%+ YoY to 9.6M in 2022; NPD Group: US sales of VR headsets fell 2% YoY to $1.1B as of early December (Jonathan Vanian/CNBC)
Jonathan Vanian / CNBC: CCS Insight: global shipments of VR and AR devices fell 12%+ YoY to 9.6M in 2022;…
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