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Meta’s CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024. 

Evelyn Hockstein | Reuters

Meta will report fourth-quarter earnings after the bell on Thursday.

Here’s what analysts surveyed by LSEG, formerly Refinitiv, are expecting:

  • Earnings: $4.96 per share
  • Revenue: $39.18 billion

Wall Street will also be looking at these key user numbers:

  • Daily active users (DAUs): 2.08 billion expected, according to StreetAccount
  • Monthly active users (MAUs): 3.06 billion expected, according to StreetAccount
  • Average revenue per user (ARPU):  $12.81 expected, according to StreetAccount

Meta is projected to report revenue growth of 22% as the online advertising market continues to recover from a brutal 2022, when soaring inflation and rising interest rates forced brands to reel in spending.

CEO Mark Zuckerberg attributes advances in artificial intelligence to improvements in the ad business, which is growing faster than rival Google. In Alphabet‘s earnings report on Tuesday, the company said Google ad revenue increased 11% from a year earlier, slower expansion than analysts were expecting.

Part of Meta’s financial recovery over the past year was driven by Chinese retailers, which have bolstered spending to reach users across the globe. Meta finance chief Susan Li most recently highlighted the significance of business from China in the company’s third-quarter earnings report in October. Li didn’t name specific companies, but fast-growing upstarts Temu and Shein, which originated in China, have been pouring money into ads on Facebook and Instagram.

While Meta has a very diverse base of advertisers, some analysts say the potential for Temu and Shein to pull back spending poses a risk because every point of growth matters for a company that saw revenue shrink for three straight quarters in 2022.

Zuckerberg, along with the top executives at TikTok, X (formerly Twitter), Snap and Discord, faced tough questioning from lawmakers on Wednesday. They accused the Facebook founder of ignoring the severity of child exploitation on the company’s family of apps.

Parents attending the hearing lambasted Meta and other companies for what they allege are insufficient safety and design measures that have caused mental health issues for their children and, in some cases, even resulted in their deaths.

“I’m sorry for everything you’ve all gone through. It’s terrible,” Zuckerberg told the parents in an emotional scene on Capitol Hill. “No one should have to go through the things that your families have suffered.” 

Investors will also be looking for signs that Meta’s pivot to the metaverse is bearing fruit. The company has been burning billions of dollars a quarter to build out a virtual world that Zuckerberg has said is the future of computing. In total, the division has lost about $25 billion since the beginning of 2022, shortly after Zuckerberg renamed his company.

Analysts expect Reality Labs to show revenue of $762.8 million for the quarter and an operating loss of $4.26 billion, according to StreetAccount.

Apple and Amazon are also slated to report fourth-quarter results on Thursday, wrapping up earnings season for tech’s mega-cap companies.

WATCH: Meta CEO Mark Zuckerberg apologizes to parents at online child safety Senate hearing

Meta CEO Mark Zuckerberg apologizes to parents at online child safety Senate hearing

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Waymo offers teen accounts for driverless rides

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Waymo offers teen accounts for driverless rides

Waymo announced it is now offering teen accounts for its self-driving car service Waymo One, beginning in Phoenix, Arizona.

Courtesy of Waymo

Waymo announced Tuesday that it is offering accounts for teens ages 14 to 17, starting in Phoenix.

The Alphabet-owned company said that, beginning Tuesday, parents in Phoenix can use their Waymo accounts “to invite their teen into the program, pairing them together.” Once their account is activated, teens can hail fully autonomous rides.

Previously, users were required to be at least 18 years old to sign up for a Waymo account, but the age range expansion comes as the company seeks to increase ridership amid a broader expansion of its ride-hailing service across U.S. cities. Alphabet has also been under pressure to monetize AI products amid increased competition and economic headwinds.

Waymo said it will offer “specially-trained Rider Support agents” during rides hailed by teens and loop in parents if needed. Teens can also share their trip status with their parents for real-time updates on their progress, and parents receive all ride receipts.

Teen accounts are initially only being offered to riders in the metro Phoenix area. Teen accounts will expand to more markets outside California where the Waymo app is available in the future, a spokesperson said.

Waymo’s expansion to teens follows a similar move by Uber, which launched teen accounts in 2023. Waymo, which has partnerships with Uber in multiple markets, said it “may consider enabling access for teens through our network partners in the future.”

Already, Waymo provides more than 250,000 paid trips each week across Phoenix, the San Francisco Bay Area, Los Angeles, Atlanta, and Austin, Texas, and the company is preparing to bring autonomous rides to Miami and Washington, D.C., in 2026.

In June, Waymo announced that it plans to manually drive vehicles in New York, marking the first step toward potentially cracking the largest U.S. city. Waymo said it applied for a permit with the New York City Department of Transportation to operate autonomously with a trained specialist behind the wheel in Manhattan.

WATCH: We went to Texas for Tesla’s robotaxi launch. Here’s what we saw

We went to Texas for Tesla's robotaxi launch. Here's what we saw

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Elon Musk’s X says Indian government ordered over 2,000 accounts blocked, including Reuters

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Elon Musk's X says Indian government ordered over 2,000 accounts blocked, including Reuters

Indian Prime Minister Narendra Modi arrives at the White House to meet with U.S. President Donald Trump on Feb. 13, 2025 in Washington, DC.

Andrew Harnik | Getty Images News | Getty Images

Elon Musk’s X said Tuesday that the Indian government ordered the company to block 2,355 accounts, including Reuters, in the country.

“The Ministry of Electronics and Information Technology demanded immediate action- within one hour- without providing justification, and required the accounts to remain blocked until further notice,” X’s global government affairs account posted.

The main Reuters account, along with ReutersWorld, was blocked Saturday for users in India, the news service said. Screenshots showed the message “Account withheld @Reuters has been withheld in IN in response to a legal demand.”

The Indian government’s Press Information Bureau told Reuters that no government agency had required blocking the account and said it was working with X to resolve the issue. The accounts were restored on Sunday.

Read more CNBC tech news

The statement by X on Tuesday is the latest development in an ongoing censorship legal battle between Musk’s social media site and the Indian government led by Prime Minister Narendra Modi.

X sued Modi’s government in March, accusing India’s IT ministry of unlawfully expanding online censorship to allow the easier removal of content.

Musk often refers to himself as a free speech absolutist and has said his takeover of Twitter was partly due to what he viewed as the unfair restriction of conservative views and voices.

The Tesla CEO swiftly made changes to moderation after he acquired the site, which he later renamed to X.

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Robinhood CEO downplays OpenAI concerns on tokenized stock structure

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Robinhood CEO downplays OpenAI concerns on tokenized stock structure

Robinhood CEO defends OpenAI stock token offering

Robinhood CEO Vlad Tenev says it’s not “entirely relevant” that the trading platform’s so-called tokenized shares of OpenAI and SpaceX aren’t technically equity in the companies.

It comes after OpenAI raised concerns about the product, which is designed to give users in the European Union exposure to various U.S. stocks — including private companies, which are less liquid than publicly listed firms.

OpenAI last week warned that Robinhood’s stock tokens do not represent equity in the company and said in a post on X that, “any transfer of OpenAI equity requires our approval — we did not approve any transfer.”

Robinhood says its OpenAI stock tokens are “enabled by Robinhood’s ownership stake in a special purpose vehicle.”

“It is true that these are not technically equity,” Tenev, who co-founded Robinhood in 2013 with fellow entrepreneur Baiju Bhatt, told CNBC’s “Squawk Box Europe” Tuesday, echoing his initial response to OpenAI’s concerns.

Tenev said that OpenAI’s complex company structure enables institutional investors to gain exposure to the company through “various instruments, like equity upon the event of a conversion to a for-profit at a later date.”

OpenAI was initially founded as a non-profit organization. However, it has since evolved to include a for-profit entity, which is owned by the non-profit.

“In and of itself, I don’t think it’s entirely relevant that it’s not technically an equity instrument,” he said. “What’s important is that retail customers have an opportunity to get exposure to this asset” — even if it’s a private company — due to the disruptive nature of AI, he added.

Read more CNBC tech news

On Monday, the Bank of Lithuania, which is Robinhood’s lead authority in the European Union, told CNBC it was “awaiting clarifications” regarding the structure of the company’s stock tokens following OpenAI’s statement last week.

“Only after receiving and evaluating this information will we be able to assess the legality and compliance of these specific instruments,” Bank of Lithuania spokesman Giedrius Šniukas told CNBC. “The information for investors must be provided in clear, fair, and non-misleading language.”

Tenev said in response to the Lithuanian regulator’s comments that Robinhood is “happy to continue to answer questions from our regulators.”

“Since this is a new thing, regulators are going to want to look at it, and we’ve built this program in a way that we believe will withstand scrutiny — and we expect to be scrutinized as a large, innovative player in this space,” he told CNBC.

Watch CNBC's full interview with Robinhood CEO Vlad Tenev

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