If you’re not on Facebook, then you’re probably on Instagram, or maybe texting on WhatsApp. It doesn’t matter which social platform is your favorite; Zuckerberg thought it through back in 2012 and 2014, and you will be hooked up somewhere.
But 2021 has been a ‘challenging’ year for Facebook. Amidst all the turmoil it’s facing, from the plunge its share succumbed during the second week of October due to whistleblowers’ allegations and the outages it had faced, the platform’s response to Apple’s privacy changes, as well as the controversial rebranding it’s planning to undertake, how will its Q3 earnings be like?
According to Wall Street, Facebook sales for Q3 are expected at $29.57 billion and its earnings at $3.19 a share, with forecasts that monthly active users hit 2.95 billion.
The social media giant is allegedly accused of prioritizing profits over people’s safety. Zuckerberg was called in front of Congress to answer revelations from leaked reports. Facebook is also planning a rebranding that goes with the company’s vision of the metaverse.
All the figures will be revealed at market close today, 25 October 2021.
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