Facebook has been characterized by a insatiable growth momentum and has almost two billion daily users, but the results showed the challenges that the social media giant is facing on several fronts.
The shares fell about a 25% shortly after the opening in New York, United States, which was a drop of more than $200 billion in the company’s market value. “It was a quarterly disaster for Facebook and clearly has a headwind for the next yearsaid the analyst Dan Ives of Wedbush.
The founder of Facebook, mark zuckerberglost some $25 billion of your personal assets, according to the records of the shares you own in the company.
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The applications Twitter (-5.56%), Snapchat (-23.6%) and pinterest (-10.32%) suffered a similar fate on Wall Street. For its part, Spotify fell more than 16% after the company’s latest quarterly figures showed a slowdown in subscriber growth, while the company is involved in a migration of artists from its catalog, as a result of the dissemination of a campaign against vaccines to deal with Covid-19.
In contrast, strong earnings from amazon, microsoft, Manzana Y Alphabet -Google’s parent company- led investors back to technology, reminding them that fundamentals remain solid.
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Amazon e-commerce company doubled its net profit to US$14.3 billion in the fourth quarter of 2021 surprising the restless markets by the rising labor prices and supply and delivery difficulties.
The online trading giant achieved a turnover of $137.4 billion according to predictions, according to its results report released this Thursday. And its net profit was greatly aided by a return of investment thanks to his actions in the car builder Rivian, which went public in November.
Amazon shares rose 14% in electronic trading at the close of the New York Stock Exchange, that attracted investors eager for good news after the Meta Papers crashed.
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Amazon has come out as big winner of the coronavirus pandemic era, but it is particularly exposed to supply chain issues, job turnover and inflation.
“Despite these short-term challenges, we continue to feel optimistic and excited about the business as we emerge from the pandemic”, estimated its executive director, Andy Jessy, on the earnings report.
Source: Ambito
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