Vistazo a las luchas del metaverso de Mark Zuckerberg

You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. The company offers a wide range of mutual funds, iShares ETFs, and closed-end funds. The company blamed privacy changes to Apple’s iOS and macroeconomic challenges flash weighing on advertiser budgets. Meta said its Family of Apps saw revenue of $32.79 billion with operating income of $15.89 billion in the fourth quarter. Its Reality Labs segment made $877 million in revenue in the quarter with an operating loss of $3.3 billion.

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The stock finished with its biggest one-day drop ever, ahead of the 19% plummet it saw in July 2018. Thursday’s drop shaved more than $230 billion from its market cap, bringing it to about $660 billion. The company said in its last earnings report that it will break out its hardware division, Facebook Reality Labs, into a separate division. Its core business will be Facebook’s Family of Apps , including Instagram, Messenger and WhatsApp.

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David Wehner owns a total of 26,948 shares of Meta, representing less than 0.01% of the company’s total shares outstanding. David Fischer owns a total of 37,089 Meta shares, representing less The International Handbook of Shipping Finance than 0.01% of the company’s total shares outstanding. The Facebook website and app enable people to connect with family and friends, and to share their opinions, ideas, images, and videos.

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Despite a January stock slump across tech, the industry giants, other than Netflix, have delivered uplifting earnings reports, reminding investors of the power of their dominant businesses even in a challenging macro environment. The report is Facebook’s first since changing the name of its parent company to Meta, which is a nod to the metaverse. Facebook said it’s being hit by a combination of factors, including privacy changes to Apple’s iOS and macroeconomic challenges. It blamed the lower-than-expected growth in part on inflation and supply chain issues that are impacting advertisers’ budgets. Facebook said revenue in the first quarter will be $27 billion to $29 billion, while analysts were expecting sales of $30.15 billion, according to Refinitiv. Faced with concern from investors about the losses, Zuckerberg said he was confident that spending on the metaverse and other “experimental bets” would begin to pay off.

Top 3 Institutional Shareholders

Inflation, supply chain disruptions at advertisers and users shifting to products that “monetize at lower rates” are among the key issues the company faces. Facebook earnings came in below expectations for the fourth quarter, and the company said numerous challenges are ahead in the first quarter. The expense ratio measures how much of a fund’s assets are used for administrative and other operating expenses.

Enron was a U.S. energy company that perpetrated one of the biggest accounting frauds in history. A controlling interest is when a shareholder, or a group acting in kind, holds a majority of a company’s voting stock. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.

BlackRock is one of the world’s leading asset and investment management firms with approximately $8.7 trillion in AUM as of Dec. 31, 2020. Still, its revenue forecast of $27 billion to $29 billion for the first quarter fell below analyst expectations of $30.15 billion, according to Refinitiv. Revenue in the first quarter will be between $27 billion and $29 billion, while analysts were looking for that number to top $30 billion.

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With a 13% Meta stake, Zuckerberg has seen his net worth plummet by $90bn so far this year because most of his fortune is in the company’s shares. His holding stood at just over $125bn at the start of 2022, according to Bloomberg data, but its value has now fallen to $35bn. As mentioned, he co-founded Meta, then called Facebook, and has been the company’s longtime chair and chief executive officer . Meta was founded in 2004 by Mark Zuckerberg and three classmates at Harvard University at the time.

Vanguard is primarily a mutual fund and ETF management company and has about $8.0 trillion in global assets under management . Fischer is chief revenue officer of Meta, overseeing the company’s advertising business and managing the Sales and Marketing teams worldwide. He joined Meta in 2010, having previously been vice president of Global Online Sales and Operations at Google . The shares owned by individual insider shareholders are those that are held through direct ownership. Shares mentioned in this section do not include shares held indirectly nor shares accessible through stock options.

$80bn wiped from value of Facebook and Instagram owner Meta

It went public in 2012 and has become one of the world’s largest companies with a market capitalization of $964.6 billion as of Oct. 1, 2021. Full BioNathan Reiff has been writing expert articles and news about financial topics such as investing and trading, cryptocurrency, ETFs, and alternative investments on Investopedia since 2016. Analysts downgraded the stock from overweight to neutral on Thursday and lowered their price target from $385 to $284.

  • Google’s parent company, Alphabet, and Microsoft have also disappointed investors with third-quarter results.
  • Shares mentioned in this section do not include shares held indirectly nor shares accessible through stock options.
  • We also reference original research from other reputable publishers where appropriate.
  • Its core business will be Facebook’s Family of Apps , including Instagram, Messenger and WhatsApp.

Peggy James is a CPA with over 9 years of experience in accounting and finance, including corporate, nonprofit, and personal finance environments. She most recently worked at Duke University and is the owner of Peggy James, CPA, PLLC, serving small businesses, nonprofits, solopreneurs, freelancers, and individuals. The company, which released earnings under its new name for the first time with a new reporting structure, missed earnings estimates for the fourth quarter at $3.67 vs. $3.84 analysts were expecting, according to Refinitiv. But it beat on revenue for the quarter, at $33.67 billion vs. $33.4 billion estimated. Meta and other tech companies have been hit by fears of recession and rising inflation. Google’s parent company, Alphabet, and Microsoft have also disappointed investors with third-quarter results.

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The 25% tumble in Meta’s share price since Wednesday evening has knocked billions off the personal wealth of Zuckerberg, its chief executive and largest shareholder. Money management is the process of budgeting, saving, investing, spending, or otherwise overseeing the capital usage of an individual or group. The iShares Core S&P 500 ETF is among one of BlackRock’s largest ETFs with approximately $320.4 billion in AUM. Meta is the seventh-largest holding of this fund, at about 2.0% of invested assets. He currently holds approximately 398.2 million shares of Meta, which constitutes 16.8% of all outstanding shares, according to a 13G filing for the period ending Dec. 31, 2020. The top individual insider shareholders of Meta are Michael Schroepfer, David Fischer, and David Wehner, and the top institutional shareholders are Mark Zuckerberg, Vanguard Group Inc., and BlackRock Inc.

Meta’s costs and expenses climbed by 19% in the third quarter compared with a year earlier. This was as a result of spending on the metaverse and on its short-form video-content product Reels. The metaverse is a shared virtual environment with aspects of online gaming, Umarkets Forex Broker Review augmented reality, and more that people can access via the Internet. Institutional investors hold about 65.6% of Meta’s total shares outstanding. Michael Schroepfer owns a total of 630,612 Meta shares, representing 0.02% of the company’s totalshares outstanding.

Prior to Meta, Schroepfer held an executive position in engineering with Mozilla Corp. as well as positions at Sun Microsystems and CenterRun Inc. In September 2021, Schroepfer announced he would step down from the CTO position in 2022 to become a senior fellow at the company. Meta’s results were the latest in a series of disappointing earnings reports. The company has invested heavily in new products that have so far failed to bear fruit. It lost $230bn in market value in February in the biggest one-day loss in history for a US company, after its shares slumped by 26%.

Closed down more than 26% Thursday after the company forecasted weaker-than-expected revenue growth in the next quarter. It also said it’s taking a big hit from Apple’s privacy changes, and showed the first quarterly decline in daily active users on record. The Vanguard Communication Services ETF , with $3.9 billion in assets under management, is one of many Vanguard funds holding Meta shares. Meta is the largest holding in this fund’s portfolio, at about 17.3% of total invested assets. Vanguard is one of the world’s largest investment management companies with about 417 traditional funds and exchange-traded funds .

Meta also owns and operates the popular photo-sharing app Instagram as well as messaging apps Messenger and WhatsApp. Additionally, the company provides virtual-reality hardware, software, and a developer ecosystem through its Reality Labs business. Meta broke out its Reality Labs segment for the first time, comprising its future-focused business that aims to develop the metaverse.

Wehner previously was Meta’s vice president of Corporate Finance and Business Planning as well as chief financial officer at Zynga Inc. . “Insider” refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company’s stock. Meta Inc. is the holding company that owns Facebook, the largest social networking site in the world with 2.8 billion monthly active users as of year-end 2020. There’s also a shift to products that don’t generate as much revenue as its core news feed. Shares tumbled more than 20% in extended trading on Wednesday after the company reporteddisappointing earnings, gave weak guidance and said user growth has stagnated. Splitting up Facebook’s business from its metaverse project could be one way to restore the company’s share price, said Sir Martin Sorrell, the founder of digital advertising company S4 Capital.

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