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Meta says Pokes surged after it quietly resurfaced the Poke button. Technically, the Poke never fully left, it was just hidden deep, deep, deep within a bunch of settings that you'd need a pith helmet and satellite phone to reach. (Or you'd need to type "Poke" into the Facebook search bar or somehow know the Poke page's exact URL). Meta said it made a design tweak at the start of 2024 that made the Poke button slightly more visible. The Poke is a perfect low-effort way to connect with a Facebook friend you haven't seen in a while.
Persons: Meta, , Z, Facebook Meta Meta, millennials, Poke, haven't Organizations: Service, Facebook Meta, Facebook
Since Meta reported earnings on Wednesday, its stock has shed more than 23%. Everyone on Wall Street is mad that Meta keeps spending so much. Investors and analysts took the day yesterday to digest the tech giant's latest earnings, and it's clear patience is wearing thin. Mega-cap tech stocks like Zucks' behemoth are facing a possible crisis, with other giants like Google parent Alphabet reporting slowdowns in digital advertising growth. Wall Street is grappling with the "revenge of the old economy" as tech and growth stocks crash.
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