Shares of Meta Platforms (NASDAQ: FB) have tumbled in recent months. Also likely weighing on the stock is the company's increased scrutiny in the media and from the government, and recent changes to iOS that have negatively impacted Facebook's advertising measurement and tracking. To capture just how staggering Facebook's momentum is, consider some key metrics from the company's third-quarter update. Read More...
Motley Fool
Why C3.ai Stock Got Clobbered on Thursday
Shares of C3.ai (NYSE: AI) tumbled out of the gate Thursday, plunging as much as 18.7%, though the stock recovered somewhat, ending the day down just 11.2%. For the fiscal second quarter (ended Oct. 31), C3.ai delivered revenue of $58.3 million, up 41% year over year, driven by subscription revenue of $47.4 million, up 32%. The company’s remaining performance obligation (RPO), which consists of contractually obligated sales that have yet to be recognized as revenue, surged to $465.5 million, up more than 74% year over year, suggesting that business will continue to thrive for the foreseeable future.
