Money

Meta’s quarterly earnings result see stock price fall

Published

2 years ago

October 27, 2022

ticker NEWS

Facebook parent company Meta has revealed its earnings for the third quarter, and they haven’t come in as anticipated.

The company reported a four percent drop in revenue, to $27.7 billion, which is down from a year earlier.

Net income dropped 52 percent, down to $4.4b, whilst spending soared by 19 percent.

The Reality Labs division, which is responsible for the virtual and augmented reality efforts in the Metaverse, lost $3.7b, compared with $2.6b a year earlier.

This is also due to the hardware being constructed, in relation to its Quest 3 headsets, which will launch later next year.

Meta announced in September a staff hiring freeze and potential restructuring.

Shares in the social media giant have dropped by 20 percent in after-hours trading.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

6 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

6 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

7 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending