article thumbnail

Facebook’s Shares Plunge After Profit Decline

CFO News Room

startled investors with a sharper-than-expected decline in profits and a gloomy outlook in its first earnings report since Chief Executive. Facebook also cited inflation as a weight on advertiser spending. and Canada, two of the company’s most profitable markets, the results show. Facebook parent. Meta Platforms Inc.

article thumbnail

The Seven Samurai: How Big Tech Rescued the Market in 2023!

Musings on Markets

To put these numbers in perspective, the Mag Seven companies now have a market capitalization larger than that of all listed stocks in China, the second largest market in the world in market capitalization terms.

Marketing 115
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Three A’s Of Alphabet’s Q3: Advertising, AI And Ambient Computing

PYMNTS

By the numbers, Google’s biggest and most notable miss was on its net income, which logged in at $7.07 Google’s advertising revenue — far and away its most profitable and core business line — hit $33.92 Pichai said that growth has been driven by the expansion of automated bidding among advertisers. “In billion or $10.12

article thumbnail

Q3 Ad-Buying Rebound Bodes Well For Holiday Sales

PYMNTS

The latest earnings reports from Big Tech giants and social media platforms show that advertising spend is through the roof at present, after basically falling off the roof earlier this year. did strong Q3 numbers, with PYMNTS reporting that “Alphabet said search and other advertising revenues rose 6 percent year over year to $26.3

Sales 70
article thumbnail

Is Robinhood Safe? – Good Financial Cents®

CFO News Room

These protections help safeguard investors’ funds and securities in the event of a brokerage firm’s failure or other financial losses. In addition to this protection, Robinhood has implemented measures to monitor suspicious activity and protect users from financial loss due to fraudulent activity. Is Robinhood Safe to Use?

article thumbnail

Back to Earth or Temporary Setback? Revisiting the FANGAM Stocks

CFO News Room

Updating the Numbers In the eighteen months since I valued these companies, much has happened, to the economy, to US equities collectively, and to these six companies, in specific. For the latter, I am reporting on the trailing 12-month numbers, to ensure that I have the calendar year numbers.)

Valuation 130
article thumbnail

10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • Is Rolex a Non-Profit? The Federal Reserve chair spent the early pandemic bemoaning the loss of a strong job market. Answers to Your Burning Questions About the Rolex Watch Company. Teddy ) • Jerome Powell’s Prized Labor Market Is Back. Can He Keep It?