{"id":198281,"date":"2023-10-26T10:45:00","date_gmt":"2023-10-26T14:45:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=198281"},"modified":"2023-10-26T13:03:44","modified_gmt":"2023-10-26T17:03:44","slug":"a-laughing-meta","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/a-laughing-meta\/","title":{"rendered":"A Laughing Meta"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-what-s-going-on\">What&#8217;s going on?<\/h2>\n\n\n\n<p>Meta released better-than-expected third-quarter results late on&nbsp;<a href=\"https:\/\/www.cnbc.com\/2023\/10\/25\/meta-earnings-q3-2023.html\">Wednesday<\/a>, and Zuckerberg won\u2019t be the only one smiling.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-does-this-mean\">What does this mean?<\/h2>\n\n\n\n<p>After many extravagant years, Meta\u2019s cost-cutting was always going to be more drastic than your average American\u2019s budgeting session. But by announcing that this year\u2019s expenses will land between $87 and $89 billion, the tech giant trimmed a couple of billion off its previous projections. That was impressive by itself, but then Meta announced that it made 23% more revenue last quarter than the same time last year \u2013 better than analysts expected. A quick mental math equation tells you that profit, then, flew past expectations too, a very welcome relief for investors nursing nerves that\u2019ve been frayed by sagging tech stocks recently.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-should-i-care\">Why should I care?<\/h2>\n\n\n\n<p><strong><em>Zooming out:&nbsp;<\/em><\/strong><em>Head in the clouds, feet on the ground.<\/em><\/p>\n\n\n\n<p>Big Tech investors tend to have their heads in the clouds. Literally: they\u2019re drawn to major companies with successful cloud divisions. But advertising sectors are worth an eyeball or two, as well. Ads still dominate Meta and&nbsp;<a href=\"https:\/\/app.finimize.com\/f8d9794e-581d-4990-93ad-61d3e05c77d4\/cms\/pages\/133172\/edit\/?next=\/f8d9794e-581d-4990-93ad-61d3e05c77d4\/cms\/content_pieces\/contentpiece\/\">Alphabet\u2019s<\/a>&nbsp;revenue streams, plus the amount of money funneling into online ads is a reflection of the overall economy\u2019s health. So with Meta more than doubling Alphabet\u2019s 11% bump in advertising revenue, those heady results could be a strong sign that the economy\u2019s gaining strength.<br><br><strong><em>For markets:&nbsp;<\/em><\/strong><em>Time to test the mettle.<\/em><\/p>\n\n\n\n<p>Tech stocks used to follow the market\u2019s movements to extremes, often outperforming others during better days and sinking more than most when the tide turned. But the explosion of software products and services brought along reliable subscription-style revenue streams, along with bulletproof balance sheets, which means investors now view Big Tech as a shelter during even the roughest storms. Major tech companies have yet to test this theory against an all-out recession, of course, but they may get the chance very soon.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted October 25, 2023 &#8211; <a href=\"https:\/\/go.finimize.com\/wp\/news\/a-laughing-meta\/\">A Laughing Meta<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta released better-than-expected third-quarter results late on Wednesday, and Zuckerberg won\u2019t be the only one smiling.<\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,8,9,22,26,3],"tags":[267,465,10568,44],"contributors-categories":[13597],"class_list":{"0":"post-198281","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-north-america","7":"category-region","8":"category-securities","9":"category-stocks","10":"category-text-articles","11":"category-traders-insight","12":"tag-earnings","13":"tag-facebook","14":"tag-meta","15":"tag-stocks","16":"contributors-categories-finimize"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>A Laughing Meta | Traders&#039; 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