Welcome to our dedicated page for Meta Platforms news (Ticker: META), a resource for investors and traders seeking the latest updates and insights on Meta Platforms stock.
Meta Platforms Inc. (META) operates at the intersection of social connectivity and technological innovation, driving advancements in digital advertising, AI, and immersive technologies. This page serves as the definitive source for Meta-related news, offering investors and analysts timely updates directly from corporate communications and verified industry reports.
Access curated press releases covering quarterly earnings, product launches like VR initiatives, and strategic partnerships. Our aggregation includes regulatory filings, leadership updates, and analysis of Meta's evolving role in shaping global digital ecosystems.
Key updates focus on advertising revenue trends, Reality Labs developments, and platform policy changes. Bookmark this page to monitor how Meta's investments in AI infrastructure and metaverse technologies impact its market position.
McBride Sisters Collection, the largest Black-owned wine company in the U.S., received a $2 million donation from Facebook for its SHE CAN Fund. This initiative aims to support 100 Black women entrepreneurs with $20,000 in advertising credits and strategic guidance through a mentorship program. The SHE CAN Fund, originally established in 2019, focuses on promoting the professional development of women in the wine industry and has pivoted its efforts to support small businesses impacted by COVID-19.
Roundhill Investments announced that the META ETF has surpassed $100 million in assets under management just three months after its launch. The ETF aims to provide investors exposure to the metaverse, mirroring the performance of the BALLMETA Index. Matthew Ball from Ball Metaverse Research Partners sees the metaverse as a multi-trillion dollar opportunity. The metaverse's growing attention is reflected in increasing mentions in corporate earnings calls and media, with significant player involvement from companies like Nvidia and Amazon.
Roundhill Investments announced that the Roundhill Ball Metaverse ETF (META) has surpassed $50 million in assets under management within six weeks of its launch. This ETF aims to provide investors with exposure to the metaverse, tracking performance via the Ball Metaverse Index managed by Ball Metaverse Research Partners. Prominent companies like Facebook, Microsoft, Nvidia, and Tencent are increasingly focusing on the metaverse, indicating growing investment interest in the sector. CEO Matthew Ball highlights the metaverse as a vital economic transformation.
Facebook, Inc. reported strong financial results for Q2 2021, with total revenue reaching $29.1 billion, up 56% year-over-year. Advertising revenue surged to $28.6 billion, driven by a 47% increase in average ad prices. Net income more than doubled to $10.4 billion, resulting in a diluted EPS of $3.61. Daily active users averaged 1.91 billion, and monthly active users reached 2.90 billion, both up 7% year-over-year. The company anticipates significant revenue growth in 2021, despite potential headwinds from regulatory challenges.
Facebook, Inc. will release its second quarter 2021 financial results after market close on July 28, 2021. A conference call is scheduled for 2 p.m. PT / 5 p.m. ET to discuss these results. The call will be available via a live webcast at the Facebook Investor Relations website.
Replays will be accessible following the call, and transcripts of the call with equity research analysts will also be posted on the Investor Relations site.
Roundhill Investments announced the launch of the Roundhill Ball Metaverse ETF (META ETF), the world's first ETF designed to provide investors exposure to the growing Metaverse market. The ETF tracks the BALLMETA Index, managed by Ball Metaverse Research Partners, led by investor Matthew Ball. The Metaverse is viewed as a successor to the mobile Internet, creating new opportunities across industries. The ETF's holdings include major companies like NVIDIA, Tencent, and Roblox, with the potential market size estimated at $800 billion.
This Saturday, June 19, 2021, marks Juneteenth, celebrated nationwide by Black Americans as the day federal troops arrived in Galveston, Texas, in 1865 to ensure the emancipation of enslaved people. Facebook is promoting awareness of this holiday through various initiatives, including a campaign featuring Tina Knowles-Lawson, highlighting her family's history with Juneteenth. The celebrations include spotlighting Black-owned businesses in Galveston and a social series on Black creativity, 'Black Luxury.' These efforts aim to elevate stories of the Black experience and foster community support.
Facebook reported strong Q1 2021 results with total revenue reaching $26.17 billion, a 48% increase year-over-year. Advertising revenue surged 46% to $25.44 billion, attributed to a 30% rise in average ad price. Net income rose 94% to $9.5 billion, resulting in diluted EPS of $3.30. Active users also grew, with 1.88 billion daily active users, up 8% year-over-year. However, the company anticipates challenges from regulatory changes and expects total expenses to be between $70-73 billion in 2021.
Facebook, Inc. (NASDAQ: META) will release its first quarter 2021 financial results on April 28, 2021, after market close. A conference call to discuss the results is scheduled for 2 p.m. PT / 5 p.m. ET on the same day, accessible through the Facebook Investor Relations website. Following the call, a replay will be available for a week. The company emphasizes its commitment to transparency by using its investor website and CEO Mark Zuckerberg's page for disclosures.
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