TikTok has vowed to challenge in court a new law that could result in a ban of the video app in the US, but it could find that it is on less-than-solid legal ground.
Meta Platforms (META) reported first quarter earnings of $4.71 per share, well above analyst estimates of $4.30. Revenue was about in line with expectations, $36.46 billion compared to the $36.12 billion estimate. For the second quarter, the social media giant sees revenue of $36.5 billion to $39 billion. Analysts were expecting $38.24 billion of revenue in the quarter, which means the midpoint of the range is a disappointment to the Street. Yahoo Finance's Julie Hyman, Josh Lipton, Josh Schafer, and Alexandra Canal break down the results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
The rally attempt paused Wednesday as Nvidia reversed lower. Meta, Chipotle and ServiceNow led key earnings late.