The social network assured this Friday that its advertising business recovered from the effects of Apple’s privacy changes faster than thought.
Additionally, it provided guidance for first-quarter revenue between $1.03 billion and $1.08 billion and daily active users between 328 billion and 330 billion, with both targets beating analyst estimates, Equipo Research reported. & Strategy of Inviu.
For its part, Amazon.com shares soared 12% this Friday on the Nasdaq, giving back to the market part of what Meta Platforms just took from it.
The e-commerce giant adds around $150 billion in market value, given the rise in its shares this Friday.
Amazon’s stock price surge comes after sales in its cloud computing business beat Wall Street estimates and the company raised the price of Amazon Prime subscription
Amazon suffered its worst day since March 2020 on Thursday. as disappointing results from Meta raised fears about the results of other big tech companies. The 7.8% drop in the regular session erased $119 billion in market value from the Seattle-based company.
The fall of Facebook
The company led by CEO Mark Zuckerberg on Thursday it lost more than 26% of its value on the Nasdaq and evidenced What more than US $ 200,000 million of its market value disappeared after reporting disappointing forecasts, which represents the largest drop in a single day for an American company.
The Meta liquidation spread to other publicly traded tech companies, Dragging Wall Street into a deep red.
Source: Ambito
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