Facebook To Release Q1 Earnings: Focus On Ad Revenue, User Data, Jio Investment [Yahoo! Finance News]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: Yahoo! Finance News
IfFacebook, inc.FBThe buy gave FB a leading role among the minority investors, with a 10% chunk of Reliance —the parent of India’s largest telecom operator, Reliance Jio Infocomm. It represents an important link into a huge market that FB might want to “friend.”A Focus on the Future?When FB reports after Wednesday’s close, many FB investors may be more interested to learn how FB fared in Q1, when many of its users were stuck in their homes. But the purchase—FB’s second-largest ever after its $22 billion mega acquisition of WhatsApp in 2014—is not about what happened in Q1 or even what’s happening in Q2. It’s about what might happen in quarters far ahead. FB obviously has the long-term in mind.“In the face of the coronavirus, it is important that we both combat this global pandemic now, and lay the groundwork to help people and businesses in the years to come,” FB said in announcing what it called the “new collaboration.”“One focus of our collaboration with Jio will be creating new way
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