This week is earnings season for Big Tech, with four of the five most valuable U.S. companies reporting their quarterly results.

The action begins on Tuesday with Alphabet and Microsoft, followed by Apple and Amazon on Thursday. Wednesday is sandwiched between them.

The tech sector has been hammered by inflation, rising interest rates, and recession fears this year. As Facebook's ad business struggles, Meta has lost half its value among the mega-cap group.

Wall Street will closely monitor Meta's second-quarter results for signs of growth. In recent quarters, users have fled the company's apps in favor of rivals such as TikTok.

Debra Aho Williamson, an analyst at Insider Intelligence, said, "They're tired of it.". "Advertisers take notice when this happens in greater and greater quantities."

For the second quarter, Facebook is expected to show its first year-over-year revenue drop. Analysts are predicting modest growth in the third quarter, and the mood in mobile advertising is gloomy.

Daily active users increased by 18% to 347 million last week. As reported by FactSet, Facebook's DAUs increased 4% to 1.96 billion in the first quarter, a growth of about 3%.

Since Meta's stock has dropped 50% this year, its market cap has dipped below $500 billion, making it less valuable than Tesla, Berkshire Hathaway, and UnitedHealth.

We will definitely focus more on Meta's sensible business model Gebbie said.

Visit our website for more information Please click on the link below to visit our website Thank you for reading our story