Cheer up Mark, the share price might have done better in the metaverse… February 4, 2022 Meta faced its worst single-day wipeout yesterday, as shares plunged over 25 per cent, slashing $220bn (£162bn) off the company’s value. It comes after Facebook’s owner reported dismal results on Wednesday night, citing Apple’s privacy changes and “increasing competition” as the key drivers for its demise. “Meta’s quarterly results confirmed what investors were already worried [...]
Snap shares skyrocket 30 per cent as it records user boom February 3, 2022 Snap reported better-than-expected fourth quarter revenue and user growth today, and provided a first quarter outlook that surpassed analyst estimates, sending its shares up 30 per cent in trading after the bell. The results indicate Snap has avoided additional damage from Apple’s privacy changes, which were introduced last year and allow users to prevent apps [...]
Pinterest’s active users drop as pandemic boom wanes February 3, 2022 Pinterest monthly active users declined six per cent during the fourth quarter to the lowest since June 2020, signalling that a pandemic-driven surge in demand was cooling off as easing restrictions encourage people to step out more. The image sharing platform’s monthly active users (MAUs) – a key metric that shows engagement levels on the [...]
Looking at a metaversal bear market February 3, 2022 Going short, going long, and trying not to catch falling knives around the metaverse, with Dr Chris Kacher.
Meta shares plummet as Wall Street tech bubble begins to burst February 3, 2022 Meta, the parent company of social media platforms Facebook and Instagram, said this evening it was expecting current-quarter revenue below Wall Street expectations, as Apple privacy features keeps businesses from opting to advertise on social media sites.
Google parent Alphabet beats revenue estimates bringing it closer to $2 trillion club February 2, 2022 Google parent Alphabet beat analysts’ estimates for quarterly revenue last night, as businesses spent heavily on online ads to attract customers during the Christmas shopping period. Revenue rose to $75.33bn (£55.69bn) in the fourth quarter from $56.90bn (£42.1bn) a year earlier, well above Wall Street estimates of $72.17bn (£53.35bn), according to IBES data from Refinitiv. [...]
Honda HR-V 2022 review: All that Jazz January 31, 2022 The HR-V is a stylish SUV with a sensible streak – including a petrol-electric hybrid drivetrain and Honda's clever Magic Seats. We drive it.
Letters: Music to my ears – if I want it January 31, 2022 [Re: Competition watchdog shines spotlight on music streaming, Jan 28] Leah Montebello wrote last week that the UK competition watchdog will “look at the roles played by record labels and streaming platforms” and decide if the market leaders hold excessive power. Music streaming has been around in some form for decades and even before the [...]
Upbeat investors are knocking on February’s door after end of month rebound January 31, 2022 After a wild and turbulent week, which saw European markets close lower for the third week in succession, and US markets hit seven-month lows, before closing the week higher, January has been a month which has proved to be hugely challenging to define a narrative for more than a day. While markets in Europe [...]
Apple introduces safety guide following concerns about AirTag stalkers January 28, 2022 Apple has released an updated safety guide amid ongoing concerns over the company's new AirTag devices.