Elon Musk Has A Cheeky Remark On Meta's Flagship App After Social Media Giant's Bumper Quarter: 'Don't Know Anyone Who Uses Facebook'
Portfolio Pulse from Shanthi Rexaline
Meta Platforms, Inc. (META) shares surged 20% after reporting strong Q4 results and announcing its first dividend. Despite this, Elon Musk humorously remarked on not knowing anyone who uses Facebook, Meta's flagship app. The company's DAUs and MAUs for December 2023 showed significant growth. CEO Mark Zuckerberg highlighted the success of Reels and announced changes in reporting metrics. Alphabet, Inc.'s YouTube remains the most-used social media platform, with Facebook in second place.
February 03, 2024 | 3:25 pm
News sentiment analysis
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POSITIVE IMPACT
Alphabet, Inc.'s YouTube remains the most-used social media platform in the U.S., indicating strong user engagement.
The continued dominance of YouTube as the most-used social media platform suggests sustained user engagement, which could positively influence Alphabet's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Meta Platforms, Inc. reported strong Q4 results, leading to a 20% increase in stock price. The company also announced its first dividend.
The positive earnings report and the announcement of a dividend are likely to boost investor confidence in META, leading to a short-term positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100