Meta Ceo Mark Zuckerberg piqued investors interest when he predicted 2023 would be the year of efficiency, and he won them over when he delivered on it. The stock nearly tripled last year. This year, meta shares are up another a0 . But on wednesday, meta released its First Quarter Earnings Report and shares initially slumped during after hours trading. Facebook s Parent Company did Beat Expectations on revenue and earnings, but it disappointed on its Revenue Forecast for the Second Quarter of the year. Higher expenses also weighed shares down. So wednesdays Earnings Report marked a back down to earth moment for the formerly red hot tech giant, and it moderates expectations for the months ahead as the company grapples over how to generate profit off of Generative Aland drum up Advertising Revenue in an increasingly crowded market. I spoke to tech analyst ray wang of constellation research, and asked him what he made of metas soft outlook. They outperformed in their results, but the chal
Erin delmore explains why. Meta Ceo Mark Zuckerberg piqued investors interest when he predicted 2023 would be the year of efficiency and he won them over when he delivered on it. The stock nearly tripled last year. This year, meta shares are up another a0 . But on wednesday, meta released its First Quarter Earnings Report and shares initially slumped during after hours trading. Facebook s Parent Company did Beat Expectations on revenue and earnings, but it disappointed on its Revenue Forecast for the Second Quarter of the year. Higher expenses also weighed shares down. So wednesdays Earnings Report marked a back down to earth moment for the formerly red hot tech giant, and it moderates expectations for the months ahead as the company grapples over how to generate profit off of Generative Aland drum up Advertising Revenue in an increasingly crowded market. I spoke to tech analyst ray wang of constellation research, and asked him what he made of metas soft outlook. They outperformed in t
a senior un official has warned that half of population of gaza are now starving, as israel continues its assault on the territory. the world food programme s deputy director, carl skau, says nine out of ten people are not eating every day. israeli tanks are reported to be advancing slowly towards the centre of khan younis, as intense battles continue in southern gaza. there are reports of house to house fighting in the city. it comes amid fierce criticism of the us, for vetoing a united nations security council draft resolution calling for an immediate humanitarian ceasefire in the israel gaza war. the palestinian president mahmoud abbas says the veto makes the us complicit in what he describes as war crimes against palestinians. in a statement, he condemns the american position as a flagrant violation of all humanitarian principles and values, and he holds the us responsible for the bloodshed of palestinian children, women and elderly people in the gaza strip. the us envoy
humanitarian ceasefire in gaza. american officials argued such a move would be divorced from reality . every other member of the council backed the resolution apart from the uk, which abstained. there s been a chorus of outrage from other countries, charities and human rights groups. israel has thanked the us, saying a ceasefire would give hamas which is classed as a terror group by many western governments in gaza, there s no safe place, says the un secretary general. the health care system is collapsing. hospitals have become battlegrounds, and palestinians have no shelter and everything else needed to survive, he says. this was the scene in khan younis in the south yesterday in the aftermath of an israeli airstrike as the military pushes ahead with its war against hamas. hours later, at the un in new york, the secretary general called for a ceasefire and had this warning. there is a high risk of the total collapse of the humanitarian support system in gaza, which wo
in gaza, there s no safe place, says the un secretary general. the health care system is collapsing. hospitals have become battlegrounds, and palestinians have no shelter and everything else needed to survive, he says. this was the scene in khan younis in the south yesterday in the aftermath of an israeli airstrike as the military pushes ahead with its war against hamas. hours later, at the un in new york, the secretary general called for a ceasefire and had this warning. there is a high risk of the total collapse of the humanitarian support system in gaza, which would have devastating consequences. we anticipate that would result in a complete breakdown of public i fear the consequences could be devastating for the security of the entire region. but the us, which has veto power, ignored his calls and voted against it. our goal should not simply be to stop the war for today. it should be to end the war forever, break the cycle of unceasing violence, and build something strong