Meta Platforms Inc $META Deep Dive

The ad platform is optimizing, growing revenues and still making good long term bets

Executive Summary:

Meta Platforms Inc., formerly known as Facebook, is a multinational technology company. It is one of the world's largest social media companies. Meta owns and operates Facebook, Instagram, WhatsApp, and Threads. In 2021, the company rebranded to Meta to reflect its focus on building the metaverse, an integrated environment linking its products and services.

Meta Platforms Inc. reported revenue of $48.39 billion, exceeding analysts' expectations of $47 billion. Earnings per share (EPS) for the quarter was $8.02, also surpassing analysts' estimates of $6.76.