Trump settled his lawsuit against Meta for about $25 million, his lawyer confirmed. The lawsuit followed Trump's 2021 Facebook suspension after the January 6 riot.
Meta Platforms (META) reported a strong beat over fourth quarter earnings and revenue estimates after the market close on Wednesday. CFRA Research senior equity analyst Angelo Zino joins the discussion with hosts Julie Hyman and Josh Lipton, joined by Interactive Brokers chief strategist Steve Sosnick, praising the social media giant's quarterly performance as "fantastic.
Meta Platforms (META) outpaced earnings and revenue expectations for the fourth quarter as the social media giant published revenue of $48.39 billion (vs. expectations for $46.98 billion) and adjusted earnings per share of $8.02 (vs.
Meta has settled a lawsuit brought by Donald Trump after the social media giant suspended him from their Facebook and Instagram platforms following the January 6, 2021 attack on the Capitol.
Meta Platforms (META) reported fourth-quarter earnings that topped analysts' estimates as revenue grew more than 20% year-over-year.
Meta Platforms (META) reported fourth-quarter earnings that topped analysts' estimates as revenue grew more than 20% year-over-year.
Meta Platforms Inc. is projecting worse-than-expected sales in the current quarter, risking doubt that it can grow its digital advertising business quickly enough to support significant planned investments in artificial intelligence and other futuristic products. Shweta Khajuria of Wolfe Research is on "Bloomberg The Close.
CNBC's Julia Boorstin joins 'Closing Bell Overtime' with Meta earnings.
President Trump had sued Meta and other tech firms in 2021, arguing that he had been wrongfully censored by them. Meta also reported a 21 percent increase in quarterly revenue.
Facebook earnings for Q4 topped Wall Street estimates. March quarter revenue guidance came in below views amid a big 2025 hike in capital spending.
Meta beat on key fourth quarter numbers but forecasts for the current first quarter disappointed a bit as investors wait to grill CEO Mark Zuckerberg on a range of topics from AI rivals and investments and new social media moderation policies.
Meta's Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales during the fourth quarter. Meta CEO Mark Zuckerberg kickstarted his company's VR endeavors in 2014 when it acquired Oculus for $2 billion.