$Meta Platforms (META.US)$ $TENCENT (00700.HK)$
Recent events have caused trouble for the social media giant Meta, from financial data falling short of market expectations to Q1 revenue guidance lower than market expectations, and Facebook and Instagram may stop services in the EU. This series of events has led to a constant decline in Meta's stock price. As of now, Meta's total market cap is around $625 billion, a 33% decrease since the beginning of this year.
At the beginning of the year, Meta's market cap was hovering around the trillion-dollar mark. However, in just over a month in 2022, Meta's stock price and market cap plummeted, defying market expectations. As of the latest data, Meta's market cap is approximately $625 billion, while Tencent's market cap is approximately $580 billion, with the gap between the two narrowing further.
Although they are both social media giants, Meta and Tencent have significant differences in their business models and corporate culture. However, in terms of revenue and net income, Meta has a slight advantage.
According to the latest annual report data, Meta achieved a revenue of $117.929 billion, up 37.18% year-over-year. In terms of net income, Meta achieved a net income of $39.37 billion, up 35.08% year-over-year. If converted into RMB, Meta's revenue and net income are 748...