""We attribute weakness to [Meta's] greater exposure to advertising (no cloud business for [Meta]) and China-based advertisers who have reportedly pulled back on ad spend.""
""Meta anticipates Q2 revenue of between $42.5 billion and $45.5 billion, ahead of Wall Street's expectations of $44 billion.""
""The FTC is looking to force Meta to sell off both Instagram and WhatsApp as a remedy, claiming that Meta originally purchased the apps to fight off potential competitors.""
""CEO Mark Zuckerberg offered to settle with the FTC for $450 million, while the commission is aiming for a far higher penalty of $30 billion.""
Meta's Q1 earnings report revealed a revenue of $42.3 billion and EPS of $6.43, surpassing expectations. The company raised its capital expenditure forecast to $64-72 billion amidst a projected advertising downturn due to tariff concerns. Despite a weak stock performance since early 2023, Meta's shares saw a rise of over 4% in after-hours trading. The company is also facing FTC scrutiny, with potential implications for its acquisitions of Instagram and WhatsApp, as legal negotiations continue with CEO Mark Zuckerberg offering a settlement.
Read at Yahoo Finance
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