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Apple stunts Meta’s growth

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From Lauren Feiner’s “Facebook shares plunge more than 20% on weak
earnings, big forecast miss” posted Wednesday on CNBC.

From Lauren Feiner’s “Facebook shares plunge more than 20% on weak
earnings, big forecast miss” posted Wednesday on CNBC:

Facebook shares tumbled more than 20% in extended trading on Wednesday
after the company reported disappointing earnings, gave weak guidance and
said user growth has stagnated.

The company, which was recently renamed to Meta, issued disappointing
guidance for the first quarter in addition to coming up short on its
fourth-quarter profit and user numbers. Daily Active Users (DAUs) on
Facebook were slightly down in the fourth quarter compared to the
previous quarter, marking its first quarterly decline in DAUs on record. …

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