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META PLATFORMS, INC.

(META)
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Real-time Estimate Cboe BZX  -  01:31 2022-11-28 pm EST
109.42 USD   -1.79%
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Burkina Faso coup leader says situation 'under control'

10/02/2022 | 10:34am EST

But on Sunday (October 2), the West African country's new, self-declared leader Captain Ibrahim Traore said the situation was under control.

In a statement read on television by an army officer, with Traore standing alongside, "order" was said to be "being restored".

On Saturday (October 1), with gunfire has been heard in the Burkinabe capital for a second day, Traore accused President Paul-Henri Damiba of staging a counter-offensive, having been ousted the day before.

Traore also claimed Damiba had taken refuge at a French army base.

The French foreign ministry issued a statement saying the base had never hosted Damiba - but that didn't stop Traore's supporters from setting fire to the French embassy's exterior walls.

In the statement on Sunday, Traore urged citizens to refrain from acts of violence or vandalism, including against the French embassy or military base.

The standoff in the capital signals a deep division within the army and a worrying new chapter for Burkina Faso.

The country has been afflicted by a rampant militant insurgency that has undermined faith in the authorities and displaced almost two million people.

On Saturday Damiba made his first statement on the crisis - posting on the official Facebook page of the presidency that Captain Traore and company should "come to their senses to avoid a fratricidal war which Burkina Faso does not need".

STORY: Ouagadougou is a city on edge, after Burkina Faso's coup on Friday (September 30).


ę Reuters 2022
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Financials (USD)
Sales 2022 116 B - -
Net income 2022 24 628 M - -
Net cash 2022 35 094 M - -
P/E ratio 2022 12,3x
Yield 2022 -
Capitalization 295 B 295 B -
EV / Sales 2022 2,24x
EV / Sales 2023 2,11x
Nbr of Employees 87 314
Free-Float 84,3%
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Mean consensus OUTPERFORM
Number of Analysts 56
Last Close Price 111,41 $
Average target price 152,87 $
Spread / Average Target 37,2%
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Managers and Directors
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Susan J. Li Chief Financial Officer
Atish Banerjea Chief Information Officer
Andrew Bosworth Chief Technology Officer
Javier Olivan Chief Operating & Growth Officer
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