Shares of Meta Platforms stumbled after a softer revenue forecast and higher spending, while Alphabet's stock surged with accelerated advertising and cloud businesses, a $70B buyback, and its first dividend.
Meta's growth from 2011 to 2021 was robust, driven by its social media ecosystem's expansion to serve over 3.5 billion monthly active users across its apps.
Meta faced a decline in revenue and EPS in 2022 due to Apple's data tracking changes, TikTok's competition, and macro headwinds affecting growth.
[
add
]
[
|
|
...
]