Facebook (FB) Stock Has A $29B Problem

Описание: Today we take a look at #Facebook #FB Stock - otherwise known as Meta. This company reported earnings today and the stock is soaring in the after hours.

However after looking at the numbers - which missed expectations on the revenue side both in the quarter and upcoming quarter - the company is not out of the woods yet. Net income and operating profits dried up as well as more expenses tied to the metaverse ate into profits.

I'd expect in the coming days - revenue and earnings estimates for Q3 & Q4 to come in light of current expectations - meaning the multiple isn't nearly as juicy as it may seem.

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