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Meta Platforms Inc-backed Diem Association sold its assets to crypto-focused bank Silvergate Capital Corp, Diem said on Monday, ending the tech giant's ambitious push to get its billions of users transacting in its own currency.

Silvergate Capital Corp said on Monday it has agreed to buy Blockchain Payments Network and other intellectual property assets from Meta Platforms Inc's digital currency venture Diem Association.

What happened The stock market came roaring back to life on Monday, with the Nasdaq index up a whopping 3.4% for the day. Almost all technology stocks gained ground during the session, including Meta Platforms (NASDAQ: FB). The parent company of Facebook, Instagram, and WhatsApp

The three main benchmarks closed higher on Monday at the end of a volatile month for Wall Street, with the gains helping the tech-heavy Nasdaq narrowly avoid its worst ever start to the year.

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Meta Platforms Inc (Symbol: FB), where a total volume of 205,500 contracts has been traded thus far today, a contract volume which is representative of approxim

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LONDON (Reuters Breakingviews) - Daniel Ek is having his first Facebook moment. By sticking warning labels https://newsroom.spotify.com/2022-01-30/spotifys-platform-rules-and-approach-to-covid-19 on podcasts about Covid-19 and encouraging hosts

The three main benchmarks all traded higher on Monday at the end of a volatile month for Wall Street, with the tech-heavy Nasdaq flirting with its worst ever start to the year as investors dodged richly valued stocks with aggressive rate hikes on deck.

Meta Platforms FB is set to report fourth-quarter 2021 results on Feb 2.During the to-be-reported quarter, Facebook rebranded itself as Meta Platforms to focus on Metaverse.Meta expects total revenues between $31.5 billion and $34 billion for the fourth quarter of 2021.Th

Social media giant Meta Platforms FB is set to release fourth-quarter fiscal 2021 results on Feb 2 after market close. The stock has lost 8.6% over the past three months but has outperformed the industry’s average loss of 17.1%. The outperformance might continue as Meta P

The tech-heavy Nasdaq rose nearly 2% on Monday, but was still on track for its worst ever start to the year as investors shied away from stocks with lofty valuations amid aggressive rate hike bets and geopolitical tensions.

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Investors in Meta Platforms Inc (Symbol: FB) saw new options become available this week, for the March 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the FB options chain for the new March 11th contracts and identified one put and one

Pre-market indexes are mixed ahead of the final trading day of the month — a month to which most market participants will likely say “Good riddance.” It’s been so bad, in fact, that it would be easy to forget we started out its first few trading days notching new all-time

Social media powerhouse Meta Platforms (NASDAQ: FB) —the parent company of Facebook, Instagram, Whatsapp, and digital wallet Novi — has been embroiled in controversies in 2021. The privacy violation issues have put tremendous pressure on the company to provide more transparency to its platforms. However, these issues did not stop the FB stock from appreciating 15.15% in the past year.

These controversies seemed to have affected user engagement on the platform, according to what we found using TipRanks’ new tool. The tool, which analyzes how many users have visited a company’s website, showed us that Meta Platforms witnessed persistent declines in website visits across all reported periods since 4Q20.

Being a social media company, the more the visits to its website means the more the potential revenue per user (average revenue per user, or ARPU, is an important top-line metric for Meta). Ahead of its earnings release on February 2, a decline in website visits cannot be good news for a social media company like Meta.

However, Q4 seemed to have given the company some hope. The final quarter saw an uptrend in total estimated visits to all the sites operating under Meta, combined. More precisely, users visiting the websites under Meta grew 0.91% from the previous quarter (3Q21). This growth has most likely translated into more revenues for the company in the quarter under review.

New research by app intelligence firm Sensor Tower found that in 4Q21, Instagram was the most downloaded app globally, whereas Facebook and WhatsApp grabbed the third and fourth spots respectively. This also supplements our findings from the tool we talked about earlier.

Some Dampers to User Footfall Stats

We dug deeper and found that despite being one of the most downloaded apps of Q4, user visits to Meta’s messaging app WhatsApp were down by 11.67% from the third quarter. This statistic is firmed up by the fact that many devices operating on Android and iOS stopped supporting WhatsApp during the course of the fourth quarter. This no doubt must have limited the monetizing opportunities for Meta.

Additionally, the year-over-year comparison also makes us a little cautious. There has been a 9.49% decline in website visits to all of Meta's websites combined, to 46.9 billion worldwide. That might have, to some extent, affected the year-over-year ARPU comparison.

Top-Line Prospects by Region

Gripped by the insights that the tool empowered us with, we went further into the regional statistics to learn more. Geographically, we saw that in December, while 27.5% of monthly users visiting Facebook, Instagram, and WhatsApp combined came from the United States, monthly users from India took the second spot, having contributed to 9% of the total estimated visits to the three Meta families.

Meanwhile, only 2.3% of total estimated monthly visits came from Canada, and 3.6% came from the United Kingdom. This means that the higher ARPU regions, apart from the U.S., contributed less to the top line than the lower ARPU region of India. This may have dampened Meta’s revenue-generating potential in Q4.

Fun Fact

All things said, there is an important revenue-driving prospect to these statistics. The family daily active users (DAU), or the number of logged-in users visiting at least one of the Family products —Meta, Instagram, Messenger, and WhatsApp— in a day, has been increasing consistently for the past decade.

There is no indication of any drastic development that could have hampered this momentum, making us look at another quarter of DAU growth both year-over-year and quarter-over-quarter. This can have a significant positive impact on the top-line for the quarter.

Experts’ Opinions

Evercore ISI analyst Mark Mahaney reiterated a Buy rating on Meta with a price target of $430.

The rest of Wall Street is strongly optimistic about Meta, with a Strong Buy based on 12 Buys and 1 Hold. The FB price target is $406.54 on average.

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Twitter has taken legal action against a rule, coming into force in Germany from Tuesday, that obliges social media firms to block or delete criminal content quickly and report particularly serious criminal offences to the police, a German court confirmed on Monday.

The tech-heavy Nasdaq rose 1% on Monday, but was still on track for its worst start to the year as investors shied away from stocks with lofty valuations amid aggressive rate hike bets and geopolitical tensions.

Monday, January 31, 2022Pre-market indexes are mixed ahead of the final trading day of the month — a month to which most market participants will likely say “Good riddance.” It’s been so bad, in fact, that it would be easy to forget we started out its first few trading da

U.S. shares were set to open lower on Monday, with the tech-heavy Nasdaq on track for its worst start to the year as investors shied away from stocks with lofty valuations amid aggressive rate hike bets and geopolitical tensions.

Wall Street gained sharply on Friday buoyed by a rebound in technology sector. Solid earnings results of some technology behemoth restored investors’ confidence on risky assets like equities despite weak economic data. All three major stock indexes ended in positive terri