8/30/2023 0 Comments Will meta materials stock go up![]() ![]() Meta’s stock improved 1.4% to $298.57 in the regular session. The company products include metaAIR, a laser glare protection eyewear NANOWEB, a transparent conductive film holoOPTIX, a holographic optical element glucoWISE, a non-invasive. Meta Materials Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Meta Materials Inc., a smart materials and photonics company, develops, manufactures, and sells various functional materials and nanocomposites. Zuckerberg said Meta’s austerity program will continue into 2024. Latest Meta Materials Inc Stock News As of July 26, 2023, Meta Materials Inc had a 103.9 million market capitalization, putting it in the 36th percentile of companies in the Electronic Equipment & Parts industry. And Meta’s headcount dropped 14% from a year ago to 71,469 as of June 30. Meta says it expects 2023 total expenses will be in the range of $88 billion to $91 billion, compared to the prior range of $86 billion to $90 billion because of legal-related expenses in the second quarter. There were blips amid the hoopla, however. Meta executives forecast third-quarter revenue of $32 billion to $34.5 billion, while analysts on average were expecting $31.2 billion, according to FactSet.įacebook had 2.06 billion daily active users, up 5% from a year ago, and the “family” of Meta apps - which includes Instagram - reported daily active users of 3.07 billion, up 7%. “When it gets to hundreds of millions of users, we’ll see how it monetizes,” he said. He also spotlighted the potential of Threads, a Twitter-like service that launched earlier this month with much fanfare. Meta Materials stock forecasts are adjusted once a day based on the closing price of the previous trading day. “In many ways, the two are interrelated,” Zuckerberg said of AI and metaverse in a conference call with analysts. Zuckerberg said AI remains the company’s near-term focus, with metaverse poised to have a long-term impact. AI has been an increasingly dominant story line for Meta, which has quickly shifted its focus from the metaverse. We continue to see strong engagement across our apps and we have the most exciting roadmap I’ve seen in a while with Llama 2, Threads, Reels, new AI products in the pipeline, and the launch of Quest 3 this fall,” Meta Chief Executive Mark Zuckerberg said in a statement announcing the results. ![]()
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