Meta stock spikes despite earnings miss, as Facebook hits 2 billion users for first time and sales guidance quells fears
Meta Platforms Inc. shares soared in after-hours trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new year and promised more share repurchases amid cost cuts. Meta META, +2.79% said it hauled in $32.17 billion in fourth-quarter revenue, down from $33.67 billion […]
Scaling Web3 Usage Alone Won’t Lead to Mass Adoption
Currently, a significant portion of the attention and resources in the industry are focused on scaling the usage of web3 technologies, such as reducing gas prices, increasing speed, and improving network bandwidth. Layer 2 blockchains, such as Starknet and Polygon, are making great strides in addressing these issues. However, while solving the usage challenge is […]