Meta shares move higher after the tech company reports a beat on revenue and earnings expectations. CFRA Research Senior Equity Analyst Angelo Zino examines Facebook-parent company Meta's growth outlook, stating it is "aggressively spending in the right areas" and that it "actually pays to be in an enormous company with almost unlimited cash." Zino also discusses Meta's digital advertising revenue, its path to monetize and raise user engagement on Threads, and its plans for generative AI adoption.
Meta stock 'deserves to go higher' following earnings beat: Analyst
07/27/2023 05:36
Meta shares move higher after the tech company reports a beat on revenue and earnings expectations. CFRA Research Senior Equity Analyst Angelo Zino examines Facebook-parent company Meta's growth outlook, stating it is "aggressively spending in the right areas" and that it "actually pays to be in an enormous company with almost unlimited cash." Zino also discusses Meta's digital advertising revenue, its path to monetize and raise user engagement on Threads, and its plans for generative AI adoption.
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