The Latest Breaking News from Justin Patterson

Social media platform Snapchat parent company Snap Inc (NYSE: SNAP) reported quarterly earnings Thursday after the market close.

Netflix Inc (NASDAQ: NFLX) reported a revenue miss and a loss of net paid adds for the first quarter.

Social media platform Twitter Inc (NYSE: TWTR) reported fourth-quarter financial results Thursday. Analysts reacted with their takes on what the company's advertising and user numbers could mean for the future. 

KeyBanc analyst Justin Patterson lowered the price target on Meta Platforms Inc (NASDAQ:FB) to $280 from $420 (16% upside) and kept an Overweight rating on the shares following quarterly results.  The analyst notes measurement headwinds are clearly more significant than envisioned, and estimates reset materially.  The positive is that Meta has historically managed these transitions before…

Analysts were divided on their opinions on Netflix Inc (NASDAQ:NFLX) ahead of its quarterly results this week. KeyBanc analyst Justin Patterson notes that Netflix's price increase was more significant than anticipated, which he believes implies a 1% lift to his/Street 2022 revenue.  Nonetheless, the analyst has unchanged estimates due to the proximity of earnings,…