{"id":5529,"date":"2022-04-27T21:38:20","date_gmt":"2022-04-27T19:38:20","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/04\/27\/meta-shares-soar-despite-reported-slow-first-quarter-growth\/"},"modified":"2022-04-27T21:38:20","modified_gmt":"2022-04-27T19:38:20","slug":"meta-shares-soar-despite-reported-slow-first-quarter-growth","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/04\/27\/meta-shares-soar-despite-reported-slow-first-quarter-growth\/","title":{"rendered":"Meta shares soar despite reported slow first quarter growth"},"content":{"rendered":"<p>The Facebook parent company is continuing a major rebrand of its products and focusing more heavily on the metaverse<\/p>\n<p>Meta shares soared in after hours trading on Wednesday, despite the company reporting slow revenue growth amid global economic uncertainties and the war in Ukraine.<\/p>\n<p>The company\u2019s reported total revenue rose 7% to $27.91bn in the first quarter, the bulk of it coming from ad sales. That number missed analysts\u2019 estimates of $28.20bn, according to IBES data from Refinitiv.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/apr\/27\/meta-shares-soar-revenue-facebook\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/425a7ddc9027cb19ae403783368047bbd261c48a\/0_100_3500_2100\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=bdee6746a42b45107123078dbcee0bd0\" title=\"Meta shares soar despite reported slow first quarter growth\" \/>The Facebook parent company is continuing a major rebrand of its products and focusing more heavily on the metaverse<br \/>\nMeta shares soared in after hours trading on Wednesday, despite the company reporting slow revenue growth amid global economic uncertainties and the war in Ukraine.<br \/>\nThe company\u2019s reported total revenue rose 7% to $27.91bn in the first quarter, the bulk of it coming from ad sales. That number missed analysts\u2019 estimates of $28.20bn, according to IBES data from Refinitiv. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Facebook parent company is continuing a major rebrand of its products and focusing more heavily on the metaverse Meta shares soared in after hours trading on Wednesday, despite the company reporting slow revenue growth amid global economic uncertainties and the war in Ukraine. The company\u2019s reported total revenue rose 7% to $27.91bn in the &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/04\/27\/meta-shares-soar-despite-reported-slow-first-quarter-growth\/\"> <span class=\"screen-reader-text\">Meta shares soar despite reported slow first quarter growth<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":5530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5529"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=5529"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5529\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/5530"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=5529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=5529"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=5529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}