6,294
edits
Meta Platforms: Difference between revisions
no edit summary
No edit summary |
|||
| Line 150: | Line 150: | ||
May 19, 2023: Instagram is planning to release a twitter-like app in summer. People familiar with it said the company is currently testing the app with celebrities and influencers. It's currently in the process of testing it with celebrities and influencers. According to people familiar with it, the app will be separate from Instagram<ref>https://www.bloomberg.com/news/articles/2023-05-19/instagram-readies-twitter-competitor-for-summer-release</ref>. | May 19, 2023: Instagram is planning to release a twitter-like app in summer. People familiar with it said the company is currently testing the app with celebrities and influencers. It's currently in the process of testing it with celebrities and influencers. According to people familiar with it, the app will be separate from Instagram<ref>https://www.bloomberg.com/news/articles/2023-05-19/instagram-readies-twitter-competitor-for-summer-release</ref>. | ||
== Analyst Opinions/Commentary == | |||
July 13, 2023: TD Cowen analyst raised Meta Platforms price target from $220 to $345 and upgraded it from market perform to outperform. The analyst believes that Meta second-quarter revenue and earnings will beat Wall Street estimate. He also believes that the company has potential to gain further market share due to improving engagement in Instagram Reels and Facebook. "TD Cowen Proprietary 2Q23 Social Survey Data through June '23 shows modest [year-over-year] engagement improvement at Instagram and Core Facebook," analyst John Blackledge wrote in an investor note. "Respondents once again indicated rising usage of IG Reels, suggesting that Reels could be a driver of incremental time spent on Instagram." Blackledge also raised his revenue and earnings estimates over the next five years by 8% and 7% on average, respectively. He also sees Meta monetizing Threads in Future. "We do not have any potential Threads rev. in our current Meta forecast, but if the service attracts further users and engagement, we expect Meta to start to monetize the app," he noted<ref>https://seekingalpha.com/news/3987382-meta-platforms-rises-td-cowen-upgrades-positive-q2-checks</ref>. | |||
== Debt == | == Debt == | ||