Derick Hudson
While the meme of “nobody uses Facebook” sort of evolved to “only old people use Facebook”, Meta (NASDAQ:META) reminded us that it’s just another urban myth:
“…The growth we're seeing here in the U.S. has especially been a
Meta Q2 2024 Earnings Update
Summary
- Meta's user growth in the U.S. remains strong, especially among young adults, contrary to the public narrative.
- Ad revenue for Meta continues to grow, with strong performance in different geographic segments.
- Meta's focus on AI, GenAI products, Threads, and AR/VR technologies show promising potential for future revenue growth and market expansion.
I am an investment analyst doing one deep dive every month. I graduated from Cornell University with my MBA and worked on the buy-side following my graduation. I am also a CFA and FRM charterholder.