February 4, 2022: -On Wednesday, Shares of social network operators Pinterest, Snap, and Twitter declined in extended trading after Facebook owner Meta Platforms issued its fourth-quarter earnings statement that sent the stock down 22%.
Shares of Snap decreased more than 18% after hours. Pinterest moved nearly 10% lower, while Twitter was nearly 8%.
But the impact wasn’t limited to social media. The shares of Amazon, which has a growing advertising business, were down more than 3%. Amazon reports results on Thursday.
Shares of Microsoft, which has exposure to advertising, including through business social network LinkedIn, moved nearly 1% lower.
Facebook’s earnings and user numbers for the fourth quarter decreased short of expectations, and its quarterly revenue guidance range came in below consensus as well.
Microsoft CEO Satya Nadella talked up the opportunity in digital advertising in the previous week, which tells analysts that advertising revenue in the past 12 months, which includes LinkedIn, exceeded $10 billion before traffic acquisition costs.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
March 25, 2025: The UK general election has been scheduled for July, setting the stage for a high-stakes contest between Prime Minister Rishi Sunak and Labour leader Keir Starmer.
March 24, 2025: Labour continues to gain traction in national polling ahead of the upcoming UK general election, capitalizing on economic dissatisfaction
March 20, 2025: The Metropolitan Police in London is facing renewed criticism following the expansion of its facial recognition surveillance operations.
March 04, 2025: China’s Zhurong rover has identified geological evidence suggesting that liquid water may have existed on Mars
February 25, 2025: Germany’s new leadership is pushing for greater European strategic independence, causing tensions in its relationship with the United States.
February 18, 2025: Severe flooding across Kentucky has left at least 12 people dead as record-breaking rainfall triggered widespread devastation.