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5 Important Developments Affecting the Markets - Facebook
5 important developments affecting the markets on Tuesday, October 26; Facebook has mitigated the slowing growth with its buyback program.
Yazar: Charles Porter
Yayınlanma: 26 Ekim 2021 21:08
Güncellenme: 16 Kasım 2024 05:34
5 Important Developments Affecting the Markets - Facebook
5 important developments affecting the markets on Tuesday, October 26; Tesla's (NASDAQ:TSLA) market cap reached $1 trillion after signing a key contract with leasing firm Hertz Global Holdings (OTC:HTZZ). Facebook (NASDAQ:FB) moderated the impact of slowing revenue growth with a large increase in its buyback program. General Electric (NYSE:GE) and UPS take the pre-opening earnings ball as Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOGL) prepare to report earnings after the close. Janet Yellen and Liu He are struggling to move forward on business matters, and the American Petroleum Institute is revising its forecasts for US crude inventories as prices approach seven-year highs.2. Facebook Buyback Mitigates Slowing Growth
Facebook stock rose nearly 3% in after-hours trading after the company announced a $50 billion increase in its share buyback program. Revenue growth fell from over 50% in the first half to 35% in the year as the social media giant's revenue growth, Apple's new privacy rules made it harder for advertisers to target Facebook users, and redirected revenue of $31.5 billion to $34 billion in 2018. current quarter results fell short of analysts' forecasts. However, earnings per share came in 1% above expectations. Facebook also said it will diversify its augmented and virtual reality operations and that the investment will reduce the company's profitability by $10 billion this year. Source: Investing.com You may also be interested in: 5 Important Developments Affecting the Markets - TeslaİLGİLİ HABERLER
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