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home / news releases / SPY - Did Meta Just Burst The Big-Tech Bubble?

SPY - Did Meta Just Burst The Big-Tech Bubble?

SPDR S&P 500

2024-04-25 08:35:59 ET

Summary

  • Meta beats earnings and sales expectations but Q2 revenue guidance falls below analysts' expectations.
  • Meta, and other big tech companies, are facing limited growth in maturing businesses, and trying to reinvent in new speculative tech areas.
  • Given the high valuations, and limited growth potential, the big tech is in a bubble, and Meta just possibly burst the bubble.

Meta Q124 earnings

Meta ( META ) just announced the Q1 2024 earnings, and it beat the analysts' expectations for earnings and sales. However, the Q2 revenue guidance came just below the midpoints of analysts' expectations....

For further details see:

Did Meta Just Burst The Big-Tech Bubble?
Stock Information
Company Name: SPDR S&P 500
Stock Symbol: SPY
Market: NYSE
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