The dwindling fortunes of Facebook has seen parent company Meta lose its position as one of the US top 20 companies ranked by market cap.
While ad revenue has been slumping in recent times, Elon Musk said he is committed to making the social media firm healthy again with a number of monetization features.
With losses here and there in Q3 2022, Intel CEO believes that the economic meltdown may continue till the coming year.
While Meta’s losses have been ballooning fast, company chief Mark Zuckerberg appeals for patience during its Metaverse transitions. He also remains confident that all of the company’s bets will pay-off in the long term.
The tech billionaire said that Twitter would help accelerate his X.com app, an all-in-one platform like WeChat.
Comparing Q3 2022 to Q3 2021, the total revenue generated by Comcast declined by 1.5%.
The last six months have been an experience of back and forth on the deal for both Elon Musk and Twitter.
Shell says it plans to reward investors further and also retrieve shares via buyback following a commendable Q3 2022.
During a conference call, Mark Zuckerberg explains that his metaverse strategy is beyond the company’s current effort to develop its virtual reality business.
The company’s third-quarter revenue came in at 3.804 billion Swiss francs, down from 5.437 billion Swiss francs for the same period last year.
According to the Ford Q3 2022 financial report, the company experienced a string of supply chain problems.
The Mobileye market debut comes as parent company Intel looks to embark on a capital-intensive process to enhance its market position.
The GOOGL stock sees its worst daily performance since March 2020 as the company delivers disappointing revenue growth for the third quarter of 2022.
German financial multinational Deutsche Bank says it is “well on track to meet 2022 goals” following a sound Q3 2022 outing.
Barclays’ resilient performance in Q3 is a testament to the bank’s highly diversified business model and income streams despite notable economic headwinds that played out.