For instance, Meta Platforms closed the third quarter with 3.54 billion daily active users and $51.2 billion in revenue. That comes to $14.46 per daily active user. Meanwhile, Snap closed the quarter with 477 million daily active users and $1.51 billion in revenue, which comes to $3.14 per user. Both companies grew their daily active users by 8% year over year.
Shares of Salesforce Inc. (NYSE: CRM) lost 10.69% over the past month after gaining 4.89% the month prior. On the year, the stock is down 31.00%, and over the past year, CRM is down 33.52%. Amid that slump, the company's market cap has shrunk to $210.43 billion, with 1,546 institutional owners having decreased their positions compared to 1,404 increasing their positions. Still, the company has more than 81% institutional ownership and analysts' outlooks for the stock are encouraging.
After years of being dogged by a poor stock price, Ford Motor Co. ( NYSE: F) shares are up 32% this year, compared to 14% for the S&P 500. And the stock has a yield of 4.6%. Ford's earnings were fine, neither disappointing nor spectacular. Revenue rose 9% to $50.5 billion. Per share earnings increased from $o.22 to $0.60. Although Ford has set a recall record this year that may never be broken, the talk about warranty damage to the bottom line has quieted down.
SoFi Technologies Inc.'s ( NASDAQ: SOFI) chief executive officer stated at a conference earlier this year that the fintech company is targeting 30% member growth and 20% revenue growth. The stock is trading for 8.6% less than a week ago, despite a strong third-quarter earnings report that included record growth. However, the share price is up 113.4% from six months ago, outperforming the S&P 500 and Nasdaq.
In 2018, tech giant Apple became the first U.S. company to reach a market capitalization of $1 trillion. Since then, it's been joined by other companies such as Microsoft, Amazon, Alphabet, Meta Platforms, and Tesla. Of course, the list also includes the current market-cap leader, Nvidia. It's becoming increasingly normal for a new company to join the $1 trillion club. But it remains an impressive feat nevertheless. At this pace, these tech titans could be joined by brick-and-mortar giant Walmart in 2026.