Check out BullDigest's May 2 Pre-Market Summary of Meta Platforms, Inc.. We provide a summary of the key news before the market opens.
Investing heavily in AI, considering premium subscriptions and integrating new features to boost user engagement and compete with ChatGPT and Gemini.
Suffered damage from Russian shelling, affecting their production base and causing injuries and equipment destruction.
Improved Q1 outlook with increased net sales, new stores, and comparable sales growth.
Stock rise due to exceeding user and revenue expectations in Q1, with strong projected Q2 performance.
Stock fell due to reduced buyback program and tariff-related costs warning from Tim Cook.
Leading Wall Street rise with strong profits, investing in AI, and projected significant future revenue from generative AI products.
Contributed to Wall Street gains alongside Meta due to better-than-expected profits.
Issuing bonds to purchase Bitcoin, indicating strategic investment in cryptocurrency.
Taking over Philippine Daily Inquirer operations with employee separation packages and editorial team invitations.
Raising prices due to tariffs imposed by the Trump administration, impacting profitability.
Revenue fell in Australia from advertising and cloud products despite higher profits.
Achieved 3 billion MAU milestone, introduced new AI features enhancing user data protection.
CEO testified in a damages trial with Meta, denying responsibility for spying attempts.
Expanded AI development services to meet demand for enterprise LLM applications.
Forecasting Q2 revenue above estimates, leveraging digital advertising growth despite marketing budget uncertainties.