When Facebook’s fourth quarter 2020 results dipped, the stock missed its estimated Daily Active Users target on the company’s late 2020 news

At the start of a new fiscal year and quarter, many large companies are sharing official earnings reports, highlights, and summaries from the previous quarter with Facebook was among those that released fourth quarter 2020 results today, and it looks like the company has a few Overlooked targeted metrics, causing the stock to decline as a direct result, here’s the latest on Facebook’s results for the fourth quarter of 2020

Facebook announced its results for the fourth quarter of 2020 on March 27th Posted on its Investor Relations website on January 1st, 2021 Here’s what it had to say

We continue to face significant uncertainties as we tackle a number of cross-currents in 2021

We believe that our business has benefited from two general economic trends that developed during the pandemic. The first is the ongoing shift towards online commerce. The second is the shift in consumer demand towards products and away from services believe that these shifts provided a tailwind for our advertising business in the second half of 2020 as we are heavily involved in product lines that are sold through e-commerce and less in service industries like travel looking ahead could be moderation or reversing one or both of these trends will serve as a headwind to our advertising revenue growth

At the same time, we will initiate a growth phase in the first half of 2021, which was negatively influenced by lower advertising demand in the early phases of the pandemic.As a result, we expect the growth rates of total revenue in the first and second quarters of 2021 to be stable compared to the previous year remain or will accelerate slightly one after the other. In the second half of the year we will overtake periods of ever stronger growth, which will put considerable pressure on the year-on-year growth rates

We also expect to face stronger ad headwinds in 2021, which includes the impact of platform changes, particularly iOS 14, as well as the evolving regulatory landscape, although the timing of changes to iOS 14 remains uncertain, expect we think the effects will begin at the end of the first quarter

Given recent developments in European regulators, there is still uncertainty about the feasibility of transatlantic data transfers Like other companies in our industry, we are closely monitoring the possible effects on our European activities in the course of these developments

We anticipate total costs for 2021 to be in the range of $ 68 billion to $ 73 billion, unchanged from our previous outlook, driven by investment in technical and product talent, as well as continued growth in infrastructure costs Assumes investments will be between $ 21 billion and $ 23 billion in 2021 due to data centers, servers, network infrastructure and office facilities Our outlook includes spending delayed from 2020 due to the impact of the pandemic on our construction p>
At the time of this writing, Facebook (FB) stock had fallen to a low of 25560 per share from the day’s closing price of $ 27174 and the price has bounced back a bit since then, but it remains to be seen if it’s on the news today With more companies continuing to share last fiscal quarter’s financial results, focus on Shacknews and our full 2021 results release schedule for new updates and information

TJ Denzer is a gamer with a passion for games that has dominated for a lifetime.When he’s not giving out beatdowns in the latest fighting games, researching the history of video games, or playing role-playing games with his partner, he’s looking for new foods and drinks that to keep getting good times with good people in and out of South Texas. You can also find him on Twitter @JohnnyChugs

TJ Denzer has published a new article Facebook (FB) stock is falling as Q4 2020 results show lower-than-expected DAU growth

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World News – CA – Facebook (FB) share falls as fourth quarter 2020 results show lower-than-expected DAU growth

Source: https://www.shacknews.com/article/122429/facebook-stock-fb-drops-as-q4-2020-earnings-results-show-lower-than-expected-dau-growth