Meta Platforms Inc. (FB) PT Lowered to $365 at Guggenheim
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Meta Platforms (FB) in Talks to Sell its Crypto Project Diem to Silvergate Capital (SI) for $200 Million - WSJ
January 27, 2022 5:54 AM ESTMeta Platforms (NASDAQ: FB) is in talks to sell its cryptocurrency venture The Diem Association, according to the Wall Street Journal. The company reportedly plans to sell its assets and technology, a move that likely marks the end of Facebooks effort to launch its own cryptocurrency.
Silvergate Capital Corp (NYSE:... More
RBC Cautious on Meta (FB), Snap (SNAP) and Alphabet (GOOGL) Into 4Q Earnings Following Ad Checks
January 26, 2022 10:14 AM ESTRBC Capital Markets analyst Brad Erickson is cautious on major digital ad beneficiaries following recent industry checks.
The overall spending trends have made Erickson feel cautious, especially about Meta (NASDAQ: FB) and Snap (NYSE: SNAP). The analyst feels upside for these two companies is less likely to be seen when it comes to March quarter estimates.
While spending commentary was mostly in-line with expectations for the qtr overall, we did... More
