Mark Zuckerberg Takes A Veiled Swipe At Elon Musk? Meta CEO Says He Is Pleased With The Progress Facebook Is Making With Young Adults Despite The 'Public Narrative'
Portfolio Pulse from Ananya Gairola
Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg expressed satisfaction with Facebook's progress among young adults, contradicting the public narrative. During Meta's Q2 earnings call, Zuckerberg highlighted the growth of Meta’s user base to over 3.2 billion daily users and the success of WhatsApp, Facebook, Instagram, and Threads in the U.S. Meta reported revenue of $39.07 billion, surpassing analyst estimates. Meta shares jumped 7.17% in after-hours trading.
August 01, 2024 | 3:49 am
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Meta Platforms, Inc. reported strong Q2 earnings, with revenue of $39.07 billion surpassing analyst estimates. CEO Mark Zuckerberg highlighted significant growth among young adults on Facebook, contradicting the public narrative. Meta shares jumped 7.17% in after-hours trading.
Meta's strong Q2 earnings and growth among young adults are positive indicators for the company's future performance. The market reacted favorably, with shares jumping 7.17% in after-hours trading. This suggests a likely short-term positive impact on Meta's stock price.
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