I'm Julia Borsden, and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern, listen in.

Good Thursday morning. Welcome to Tech Check. I'm Carl Kentinea with John Ford, Dear Grubosa, and Julia

Borsten. Today, Pinterest bumps, teladoc slumps, got this overrated metric for Apple and the CEO's

Service Now. We're going to get to all of that.

But we're going to start with Meta was surging this morning as daily and monthly active users bounced back.

Stock had been cut in half this year prior to those results.

And Julia is all over today, J.B.

Yeah, it's just really interesting, Carl, because there were various warning signs here, including the company giving guidance of between 28 and 30 billion revenue in the second quarter.

Look, guys, it's worth noting that if meta hits the lower end of that guidance, its revenue would actually be declining year over year, which has never happened before.

This quarter's 7% revenue growth was its slowest revenue

growth that we've seen since the company went public. But there is just so much relief now

that they have been able to reaccelerate those daily active users. So, John, it seems like investors

had really low expectations here. Well, they have low expectations in part because

Facebook Meadow worked so hard to lower expectations last quarter, right? This is what we were

talking about three months ago. Are they bluffing? Well, maybe not bluffing, sandbagging a bit,

right? And the beat here was on the earnings line and they expressed confidence.

So both of those gave me the sense that they did make things out to perhaps be a bit on the worst side.

Maybe they weren't sure, but they continue to project things that aren't too exciting.

There could be upside from here, right?

There could be upside, and I thought that the key upside is going to come from Reels.

I mean, they revealed that 20% of activity on the platform is in this short form video format Reels,

and they've been very clear that they are under monetizing Reels.

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