Meta Platforms:Quarterly Results/2024 Q1: Difference between revisions

Meta Platforms:Quarterly Results/2024 Q1 (view source)

745 bytes added , 22 April 2024

6,294

edits

@@ Line 179: / Line 179: @@
 * Buy, $575->$555: Keybanc has a cautionary expectations on Meta's Q1 since it doesn't see much thesis changing on prints and sees an upward bias on capex. The analysts belive that if Meta offers a wide range guidance for Q2 due to Middle East conflixt, it could alarm investors<ref>https://thefly.com/landingPageNews.php?id=3900339&headline=META-Meta-Platforms-price-target-lowered-by--at-KeyBanc-heres-why&utm_source=https://thefly.com/news.php%3fsymbol=META&utm_medium=referral&utm_campaign=referral_traffic</ref>. <br />
+=== U.S digital ad spend by Chinese investors fell in Q1 ===
+* According to Benstein analyst Mark Schmulik, U.S digital ad spending by Chine e-commerce platforms such as Temu declined "meaningfully" in February and March as the company “started to focus efforts elsewhere in face of regulatory uncertainty.” <ref>https://www.wsj.com/tech/metas-ai-push-needs-to-efficiently-deliver-a-lot-more-ad-growth-5fa298a8?siteid=yhoof2</ref>
+=== Positive trends in usage of its apps ===
+* Buy, $535: Thanks to WhatsApp and Instagram, Meta owns three of the five apps that recorded the most downloads worldwide, Mark Schmulik of Bernstein wrote<ref>https://www.finanzen.net/analyse/meta_platforms_ex_facebook_outperform-bernstein_research_948167</ref>.
 == References ==