Stock futures extend gains as Powell comments feed bulls; Fed Chair Powell talks 'disinflation' amid rate hike push; Meta soars on $40 billion buyback, solid revenue forecast; Apple earnings on deck, supply chain impact in focus and Amazon earnings to key on cash flow, consumer spending strength. Read More...
Morningstar Research
Analyst Report: Meta Platforms, Inc.
Meta is the world’s largest online social network, with 3.7 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. The firm’s ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm’s total revenue, with more than 45% coming from the U.S. and Canada and over 20% from Europe.
