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Meta earnings miss expectations, net income plummets 36%
Yahoo ^ | 7/27/2022 | Daniel Howley

Posted on 07/27/2022 2:12:06 PM PDT by Houserino

Facebook parent company Meta (META) reported its Q2 2022 earnings after the closing bell on Wednesday, falling shy of analysts' expectations, and missing by a wide margin on its Q3 revenue forecasts. The quarter also marked the first year-over-year revenue decline for the social media company. Net income also fell 36% year-over-year.

Here are the most important numbers from the report versus what analysts were expecting, as compiled by Bloomberg.

Revenue: $28.8 billion versus $28.9 billion expected

Earnings per share: $2.46 versus $2.54 expected

Facebook daily active users: 1.97 billion versus 1.95 billion expected

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: bidenflation; economy; facebook; meta; metastock; stockmarket
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Wow, isn't this way worse than expected?
1 posted on 07/27/2022 2:12:06 PM PDT by Houserino
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To: Houserino

faceplant...


2 posted on 07/27/2022 2:15:27 PM PDT by heavy metal (smiling improves your face value and makes people wonder what the hell you're up to... 😁)
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To: heavy metal

Apparently Zuck is completely obsessed with VR. My thinking is that if even TVs shouldn’t go 3d with basic glasses, what chance do hemlets have for VR regular use.


3 posted on 07/27/2022 2:16:33 PM PDT by Houserino
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To: heavy metal

Lol.

The problem is putting bricks with TV’s ON your face.


4 posted on 07/27/2022 2:20:00 PM PDT by isthisnickcool (1218 - NEVER FORGET!)
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To: Houserino

I thnk he’s expecting too much from VR, but then he’s a Billionaire, and last time I checked, I wasn’t one yet.
Maybe the demograph he’s selling to will be those 30 y/o and less. They may have less aprehension and curiousity about what it feels like. I would like the novel experience, but definitely not on a regular basis or instead of living my present 3D life.


5 posted on 07/27/2022 2:20:34 PM PDT by lee martell
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To: Houserino

How awful for Zuckerberg, I’ll bet he’s beside himself. Does anyone know if he works in a building with more than two floors?


6 posted on 07/27/2022 2:21:53 PM PDT by skeeter
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To: Houserino

“Wow, isn’t this way worse than expected?”

Nope.


7 posted on 07/27/2022 2:25:39 PM PDT by TexasGator (UF)
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To: Houserino

Wonder how many “bots” FascistBook has as “members.”


8 posted on 07/27/2022 2:33:30 PM PDT by fwdude (Every time I see someone voluntarily masked in public, I know I'm looking at a vaccinated person.)
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To: fwdude
Wonder how many ā€œbotsā€ FascistBook has as ā€œmembers.ā€

...and how many were deactivated in fear of the attention that Elon Musk has brought to bots on Twitter.

9 posted on 07/27/2022 2:35:58 PM PDT by T.B. Yoits
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To: fwdude

I’m not a Facebook user but most I know have several accounts.
One ā€˜official’ identity and others for checking out other accounts and
Posting marginal stuff.


10 posted on 07/27/2022 2:38:34 PM PDT by Purpleperson
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To: Houserino

i don’t watch tv...

i don’t facebook...

i work on improving my 10 acre compound along with working on my stripper skills..


11 posted on 07/27/2022 2:41:18 PM PDT by heavy metal (smiling improves your face value and makes people wonder what the hell you're up to... 😁)
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To: Houserino

Everyone hates The Zuck. His reports have to be ā€œperfect.ā€


12 posted on 07/27/2022 2:44:06 PM PDT by Vermont Lt
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To: Houserino
I hate FB. That A-HOLE got rich from people's data. One day I realized some of my info was stolen by another site and I instantly regretted ever posting a thing on there.
13 posted on 07/27/2022 2:45:00 PM PDT by Aria
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To: heavy metal

Well played!


14 posted on 07/27/2022 2:46:03 PM PDT by Flick Lives
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To: heavy metal

>> working on my stripper skills

I’m gonna go out on a limb and guess that these “stripper skills” you’re working on don’t have anything to do with poles or dancing... right? :-)


15 posted on 07/27/2022 2:47:57 PM PDT by Nervous Tick (There is no "allah" but satan, and mohammed was his demon-possessed tool.)
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To: heavy metal

“i don’t watch tv...”

I do.


16 posted on 07/27/2022 2:52:29 PM PDT by TexasGator (UF)
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To: isthisnickcool

As technology improves, the VR equipment will get to be like wearing glasses.


17 posted on 07/27/2022 2:52:52 PM PDT by SauronOfMordor (A Leftist can't enjoy life unless they are controlling, hurting, or destroying others)
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To: SauronOfMordor

Eventually they’ll probably have contacts or even implants that directly scan to each rod and cone in the retina. In maybe 100 years.

Glases sized would need to be over 8k and have offloaded processing and storage, I’d think. Maybe 20-30 years. The Meta stuff looks terrible still, like Nintendo 64 graphics almost.


18 posted on 07/27/2022 2:57:12 PM PDT by Houserino
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To: Purpleperson

Will FB let you sign in or set up with a VPN masking your identity?


19 posted on 07/27/2022 3:00:56 PM PDT by fwdude (Every time I see someone voluntarily masked in public, I know I'm looking at a vaccinated person.)
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To: Houserino
Gosh, that's a shame. (Sniff!)

Well, I'm over it.

20 posted on 07/27/2022 3:04:45 PM PDT by Billthedrill
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