Meta Soars
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 2 February 2023
⏱️ 21 minutes
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| 0:00.0 | Well, it's Groundhog Day. |
| 0:07.0 | Again, Motley Full Money starts now. |
| 0:11.0 | I'm Chris Hill joining me today, Motley Full Senior Analyst Tim Buyers. |
| 0:18.0 | Thanks for being here. |
| 0:19.0 | Thanks for having me, fully caffeinated, ready to go. |
| 0:23.0 | Likewise, let's start with the social network. |
| 0:26.0 | This quarter revenue was solidly higher than expected for meta-platforms |
| 0:31.0 | and throw in the fact that Mark Zuckerberg and his team have been |
| 0:35.0 | methodically cutting costs and they announced a $40 billion share buy back plan |
| 0:41.0 | and you get shares of meta-platforms up more than 20%. |
| 0:46.0 | Where do you want to start? |
| 0:49.0 | I think I want to start with Mark can't quit the metaverse. |
| 0:53.0 | I mean, he just can't quit it. |
| 0:56.0 | And maybe he doesn't need to. |
| 0:59.0 | I mean, he was a bit forceful in his comments about where they're going. |
| 1:06.0 | He made an argument that Facebook's AI is making better and better decisions |
| 1:16.0 | about how they place ads and that that will keep going. |
| 1:20.0 | So, I want to give just a quick update here. |
| 1:24.0 | So, year over year, both the revenue for the quarter, |
| 1:30.0 | as well as the operating income for the quarter and the year for reality labs |
| 1:36.0 | and the revenue for the quarter. |
| 1:40.0 | So, I want to give just a quick update here. |
... |
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