Alphabet posts lower Q4 profit amid ad squeeze, competition
2 years, 1 month ago

Alphabet posts lower Q4 profit amid ad squeeze, competition

Associated Press  

Google’s parent company Alphabet on Thursday posted lower profit and a small revenue increase for last year’s fourth quarter, as a decline in online ad spending and competition from rivals weigh on the search giant. Alphabet, like Facebook parent Meta, Amazon and other tech companies, is navigating a rough economic patch that’s especially hurting the online advertising market. In response to the layoffs, Google’s unionized workers, members of the Alphabet Workers Union-CWA rallied outside of the company’s New York City office during the company’s earnings call. Alphabet is contending with a “challenging” economic climate and is working to reengineer its cost structure to build “financially sustainable, vibrant growing businesses” across the company, CEO Sundar Pichai said.

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History of this topic

Alphabet share price dips 5% this week. Erodes $200 billion Mcap of Google brand owner
1 month, 3 weeks ago

Alphabet share price dips 5% this week. Erodes $200 billion Mcap of Google brand owner

Live Mint  

The multinational technology conglomerate and Google's holding company, Alphabet Inc., shares have lost 5 per cent this week, wiping off nearly $200 billion in market capitalisation, according to stock market data. The results showed that the company's growth slowed down in the Cloud segment compared to the market expectations, and the massive spending structure upset stock market investors as the …

Google owner Alphabet's share price drops overnight - have investors had enough of spending on AI?
1 month, 3 weeks ago

Google owner Alphabet's share price drops overnight - have investors had enough of spending on AI?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The parent company of Google, …

Google shares slide on spending plans despite sales jump
1 month, 3 weeks ago

Google shares slide on spending plans despite sales jump

Raw Story  

by Alex PIGMAN Google's parent company Alphabet on Tuesday reported revenue jumped in the recently-ended quarter, but shares sank on concerns it may be pouring too much money into artificial intelligence. "We are pushing the next frontiers from AI agents, reasoning and deep research to state-of-the-art video, quantum computing and more," Alphabet chief executive Sundar Pichai said during an earnings …

Meta posts sharply higher Q4 profit, revenue, topping Wall Street’s expectations
1 month, 4 weeks ago

Meta posts sharply higher Q4 profit, revenue, topping Wall Street’s expectations

Associated Press  

SAN FRANCISCO — Meta Platforms Inc. posted sharply higher profit and revenue for its fourth quarter on Wednesday, thanks to higher ad revenue on its social media properties, sending its shares up in after-hours trading even as it forecast increasing expenses on its artificial intelligence efforts. CEO Mark Zuckerberg said he expects 2025 to “be the year when a highly …

Alphabet beats sales estimates on Google Cloud growth, revenue jumps to $74.6 billion and shares rise 5%
4 months, 4 weeks ago

Alphabet beats sales estimates on Google Cloud growth, revenue jumps to $74.6 billion and shares rise 5%

Live Mint  

Google parent Alphabet Inc. reported third-quarter sales that climbed more than analysts expected, helped by robust demand for cloud computing services from companies racing to develop or adopt artificial intelligence. “In cloud, our AI solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals,” Alphabet Chief Executive Officer Sundar Pichai said in the …

Facebook parent Meta forecasts upbeat Q3 revenue after strong quarter
7 months, 4 weeks ago

Facebook parent Meta forecasts upbeat Q3 revenue after strong quarter

The Hindu  

Meta Platforms beat market expectations for second-quarter revenue on Wednesday and issued a rosy sales forecast for the third quarter, signalling that robust digital-ad spending on its social media platforms can cover the cost of its artificial-intelligence investments. "Any apprehensions investors may have had about Meta's spending on AI and the metaverse are likely to be allayed by this quarter's …

Here's how much Google's parent company, Alphabet, earned per second in first 3 months of 2024
10 months, 1 week ago

Here's how much Google's parent company, Alphabet, earned per second in first 3 months of 2024

India TV News  

Here's how much Google's parent company, Alphabet, earned per second in first 3 months of 2024 Google's parent company, Alphabet, net profit dropped in 2022 due to various factors. According to a report on Tuesday, Google's parent company's net income increased by 615 percent over the past decade, which is 8 times more than Apple's and twice as much as …

Alphabet surpasses USD 2 trillion market cap: All you need to know
11 months ago

Alphabet surpasses USD 2 trillion market cap: All you need to know

India TV News  

Alphabet Inc., the parent company of Google has reportedly reached a milestone by closing more than USD 2 trillion market capitalization for the first time in its lifetime. As per the report, Alphabet's stock reportedly surged by 10 per cent to USD 171.95, marking it as the largest one-day gain since its inception. Joining elite company Alphabet's achievement has placed …

Microsoft, Google post double-digit profit rises, boosting case for AI
11 months ago

Microsoft, Google post double-digit profit rises, boosting case for AI

Al Jazeera  

Google and Microsoft have reported double-digit profit increases, buttressing the case for the tech giants’ heavy investment in artificial intelligence. The quarterly results announced on Thursday by Google parent Alphabet and Microsoft came in ahead of expectations, sending their shares 11 percent and 4 percent higher, respectively, in after-market trades. Google chief Sundar Pichai said AI text-to-image model Gemini had …

Google parent reports another quarter of robust growth, rolls out first-ever quarterly dividend
11 months ago

Google parent reports another quarter of robust growth, rolls out first-ever quarterly dividend

Associated Press  

Google’s corporate parent Alphabet Inc. on Thursday released a quarterly report showing it’s still reaping double-digit revenue gains from its digital advertising empire while sowing potentially lucrative new ground in artificial intelligence. Alphabet punctuated its renewed vigor by also disclosing plans to begin paying shareholders a quarterly dividend for the first time since since Google went public 20 years ago. …

Google parent reports another quarter of accelerating growth and its stock price soars
11 months ago

Google parent reports another quarter of accelerating growth and its stock price soars

LA Times  

The logo for Alphabet appears on a screen at the Nasdaq MarketSite in New York. Google’s corporate parent, Alphabet Inc., on Thursday released a quarterly report showing it’s still reaping double-digit revenue gains from its digital advertising empire while sowing potentially lucrative new ground in artificial intelligence. As has been the case since the company went public 20 years ago, …

Amazon and Meta—Nothing Artificial About These Results
1 year, 1 month ago

Amazon and Meta—Nothing Artificial About These Results

Live Mint  

The e-commerce titan and social networking giant both posted strong fourth-quarter results late Thursday. The two beat Wall Street’s consensus targets for both revenue and operating income by wider margins than Microsoft and Google-parent Alphabet did with their respective December quarter reports earlier in the week. The company did manage to beat Wall Street’s projections for its all-important iPhone revenue, …

Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound
1 year, 1 month ago

Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound

Associated Press  

Meta Platforms Inc. tripled its profit and posted sharply higher revenue in the final quarter of 2023, boosted by a rebound in digital advertising as well cost cutting and layoffs in what CEO Mark Zuckerberg called the “year of efficiency.” “The company can talk all it wants to about AI and the metaverse, but it’s still a social media company …

Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound
1 year, 1 month ago

Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Meta Platforms Inc. tripled its …

Google parent Alphabet ad revenue disappoints, CapEx up; shares sink 6%
1 year, 1 month ago

Google parent Alphabet ad revenue disappoints, CapEx up; shares sink 6%

Live Mint  

Alphabet disappointed Wall Street on Tuesday as holiday-season advertising sales came in below expectations and the company said its spending on items such as servers to power artificial intelligence would jump this year. "Alphabet's disappointing ad revenue numbers suggest that corporations worldwide are still uncertain about the pace of interest rate cuts from global central banks," said Thomas Monteiro, an …

Google’s parent posts double-digit revenue growth in 4th quarter, but ad sales rise at slower pace
1 year, 1 month ago

Google’s parent posts double-digit revenue growth in 4th quarter, but ad sales rise at slower pace

Associated Press  

SAN FRANCISCO — Google’s corporate parent returned to double-digit revenue growth during last year’s final quarter, signaling the internet powerhouse has regained its footing even as it grapples with regulatory and competitive threats to its digital empire. The results announced Tuesday by Alphabet Inc. marked the third consecutive quarter of escalating revenue growth for the Mountain View, California, company, with …

Facebook parent Meta posts sharply higher profit in 3Q thanks to increase in ad revenue
1 year, 5 months ago

Facebook parent Meta posts sharply higher profit in 3Q thanks to increase in ad revenue

Associated Press  

Facebook parent Meta on Wednesday posted sharply higher earnings for the third quarter, boosted by an increase in advertising revenue and lower expenses after it laid off thousands of workers. “With its sustained upward trajectory, robust user engagement, and strategic cost optimizations, Meta is not only navigating choppy waters but also setting the course for uncharted territories of growth.” Meta, …

Alphabet Q3 result: Google Cloud miss overshadows earnings, shares fall over 5%
1 year, 5 months ago

Alphabet Q3 result: Google Cloud miss overshadows earnings, shares fall over 5%

Live Mint  

Google-parent Alphabet's cloud business missed revenue estimates, leading the company's share price to fall over 5% after hours. Google Cloud third-quarter revenue rose 22.5% to $8.41 billion, while it posted operating income of $266 million, compared with an operating loss of $440 million a year ago. By contrast, revenue from Microsoft's Intelligent Cloud unit, which houses the Azure cloud computing …

Google’s ad sales growth accelerated in 3Q, but investors are unimpressed with the performance
1 year, 5 months ago

Google’s ad sales growth accelerated in 3Q, but investors are unimpressed with the performance

Associated Press  

SAN FRANCISCO — Google’s digital advertising sales growth accelerated during the summer, advancing a recent revival that helped its corporate parent Alphabet Inc. to deliver a quarterly profit that exceeded analysts’ projections. The third-quarter results released Tuesday for the July-September period included a 9% increase in Google’s ad sales from the same time last year. The upturn was even better …

Meta posts higher profit, revenue for Q2 as advertising rebounds
1 year, 8 months ago

Meta posts higher profit, revenue for Q2 as advertising rebounds

The Hindu  

Facebook parent company Meta Platforms posted stronger-than-expected results for the second quarter on Wednesday, buoyed by a rebound in online advertising after a post-pandemic slump. Analysts, on average, were expecting earnings of $2.91 per share on revenue of $31.08 billion, according to a poll by FactSet Research. Squeezed by a slump in online advertising and uncertainty around the global economy, …

Facebook parent Meta posts higher profit, revenue for Q2 as advertising rebounds
1 year, 8 months ago

Facebook parent Meta posts higher profit, revenue for Q2 as advertising rebounds

Associated Press  

Facebook parent company Meta Platforms posted stronger-than-expected results for the second quarter on Wednesday, buoyed by a rebound in online advertising after a post-pandemic slump. Analysts, on average, were expecting earnings of $2.91 per share on revenue of $31.08 billion, according to a poll by FactSet Research. Squeezed by a slump in online advertising and uncertainty around the global economy, …

Amazon Q1 Earnings Beat Estimates Despite Layoffs, Shares See 11 Per Cent Gain
1 year, 11 months ago

Amazon Q1 Earnings Beat Estimates Despite Layoffs, Shares See 11 Per Cent Gain

ABP News  

Amazon's shares experienced an increase of more than 11 per cent following the announcement of first-quarter earnings that exceeded industry estimates. Amazon's AWS cloud unit, which has maintained its lead in the market for over 15 years, experienced a slower growth of 16 per cent during the first quarter compared to the 37 per cent reported in the previous year. …

Facebook parent Meta posts solid 1Q results, stock soars
1 year, 11 months ago

Facebook parent Meta posts solid 1Q results, stock soars

Associated Press  

Facebook parent company Meta’s first-quarter results surpassed Wall Street’s modest expectations on both profit and revenue, sending its stock soaring in after-hours trading. “We’re also becoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long term vision.” Meta Platforms Inc. said Wednesday it earned $5.71 billion, or $2.20 per …

Google’s persistent ad slump weighs on Alphabet’s 1Q results
1 year, 11 months ago

Google’s persistent ad slump weighs on Alphabet’s 1Q results

Associated Press  

SAN FRANCISCO — Google’s advertising malaise persisted during the first quarter while the internet company also grapples with advancements in artificial intelligence technology that threaten to undercut its dominant search engine. An unprecedented downturn in Google’s digital ad revenue – the company’s main moneymaker for more than 20 years – came into sharper focus Tuesday with the release of the …

Google-parent Alphabet reports better than expected earnings
1 year, 11 months ago

Google-parent Alphabet reports better than expected earnings

Live Mint  

Alphabet Inc on Tuesday reported first quarter revenue above analysts’ estimates on higher demand for cloud services and better than expected ad sales. Alphabet reported revenue for the March quarter at $69.79 billion, higher than analysts’ forecasts. Ad sales at Google’s YouTube video site declined 2.5% in March quarter from last year period. Alphabet’s net income stood at $15 billion, …

Google Ad Revenue Expected to Drop for Second Straight Quarter
1 year, 11 months ago

Google Ad Revenue Expected to Drop for Second Straight Quarter

Live Mint  

Google is expected to report a second straight drop in advertising revenue, extending a rare decline as the company battles economic uncertainty and tries to capitalize on recent advances in artificial intelligence. Alphabet Inc., Google’s parent company, is expected to report $53.7 billion in ad revenue for the first quarter, a drop of 1.8% from the same period last year, …

Google, Apple, Amazon give investors reason to fret
2 years, 1 month ago

Google, Apple, Amazon give investors reason to fret

The Hindu  

Wall Street had its eyes on Friday on big tech after some of the biggest companies in the world posted lacklustre quarterly financial performances. The company posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone during the holiday season. Amazon reported worse-than-expected fourth-quarter profits, but its …

YouTube Shorts Now Gets 50 Billion Views Daily: Alphabet CEO Sundar Pichai
2 years, 1 month ago

YouTube Shorts Now Gets 50 Billion Views Daily: Alphabet CEO Sundar Pichai

News 18  

YouTube Shorts, Google’s answer to TikTok, is now averaging over 50 billion daily views, up from 30 billion that was last reported, Alphabet and Google CEO Sundar Pichai has announced. Together with our YouTube Primetime channel subscriptions and YouTube TV, we have good momentum here,” Pichai said during the analysts’ call late on Thursday. In December, the National Football League …

Big Tech earnings show digital ads market is still shaky
2 years, 1 month ago

Big Tech earnings show digital ads market is still shaky

The Hindu  

After a challenging 2022 in which advertising-dependent companies faced shrinking budgets and cratering stock prices, fourth-quarter results this week from Alphabet, Meta Platforms and Snap showed they were not yet in the clear. Google-owner Alphabet Inc. on Thursday reported a slight fall in quarterly ad revenue, missing Wall Street expectations and surprising investors as the world's largest digital ad platform …

Facebook parent Meta's quarterly profit declines to $4.4 billion
2 years, 5 months ago

Facebook parent Meta's quarterly profit declines to $4.4 billion

India TV News  

Highlights Meta said its profit was hurt by falling advertising revenue amid competition from TikTok Analysts were expecting a profit of $1.90 per share, on average Meta's stock tumbled 14% in after-hours trading Facebook parent Meta on Wednesday reported that its revenue declined for a second consecutive quarter, hurt by falling advertising revenue amid competition from the wildly popular video …

Alphabet To Slash Headcount Growth By Half In Q4 As Revenue Grows At Slowest Pace
2 years, 5 months ago

Alphabet To Slash Headcount Growth By Half In Q4 As Revenue Grows At Slowest Pace

ABP News  

Sundar Pichai, chief executive officer of Alphabet, has said that his firm is planning to scale down the rate of hiring in Q4 of 2022 and for 2023 as the tech giant’s Q3 revenue grew at its slowest pace in more than two years, reported by CNBC. Shares of Alphabet sank about 7 per cent in extended trading on Tuesday …

Google parent Alphabet's miss fans inflation fears across digital advertising
2 years, 5 months ago

Google parent Alphabet's miss fans inflation fears across digital advertising

The Hindu  

Google parent Alphabet Inc.'s disappointing ad sales sparked worries across the digital media sector on Tuesday as advertisers cut back on their spending in the face of an economic slowdown. The negative results shattered many expectations that Google, which is the world's largest digital advertising platform by market share, would remain strong in a weakening economy and reinforced worries on …

Meta reports another drop in revenue, in a rough week for tech companies
2 years, 5 months ago

Meta reports another drop in revenue, in a rough week for tech companies

NPR  

Meta reports another drop in revenue, in a rough week for tech companies Enlarge this image toggle caption Nic Coury/Bloomberg via Getty Images Nic Coury/Bloomberg via Getty Images It's gotten tougher for Big Tech. Facebook and Instagram's parent company Meta said revenue fell 4% in the three months from July through September compared to a year earlier, from $29 billion …

Google’s ad sales slow dramatically, eroding parent’s profit
2 years, 5 months ago

Google’s ad sales slow dramatically, eroding parent’s profit

Associated Press  

SAN FRANCISCO — Summertime revenue growth at Google’s corporate parent slipped to its slowest pace since the pandemic jarred the economy more than two years ago, with advertisers clamping down on spending and bracing for a potential recession. Alphabet Inc., which owns an array of smaller technology companies in addition to Google, on Tuesday posted revenue of $69.1 billion for …

Google-parent Alphabet misses estimates for quarterly revenue
2 years, 5 months ago

Google-parent Alphabet misses estimates for quarterly revenue

Live Mint  

Google parent Alphabet Inc missed Wall Street estimates for quarterly revenue on Tuesday as advertisers cut back on their spending in the face of an economic slowdown. Last week, smaller rival Snap Inc's slowest-ever revenue growth rate sent inflation fears through tech sector and temporarily wiped out $40 billion in market capitalization. Google's advertising revenue was $54.48 billion in the …

YouTube wipes $7.6bn off owner Alphabet
2 years, 5 months ago

YouTube wipes $7.6bn off owner Alphabet

The Telegraph  

Google’s parent company suffered a sharp fall in its share price after revealing the first ever decline in advertising revenues at its YouTube video streaming service. It came as Microsoft revealed a slowdown in sales in its cloud computing arm, and the music streaming service Spotify announced that advertising revenue was growing more slowly than expected. We’re working to realign …

Alphabet’s revenue miss fans fears of economic slowdown
2 years, 5 months ago

Alphabet’s revenue miss fans fears of economic slowdown

Al Jazeera  

The negative results reinforced worries that inflation will continue to hurt advertising spending. Google parent Alphabet Inc has missed Wall Street estimates for quarterly revenue as advertisers cut back on spending in the face of an economic slowdown. Last week, smaller rival Snap Inc’s slowest-ever revenue growth rate sent inflation fears through the tech sector and temporarily wiped out $40bn …

Google’s ad sales take a beating, a bad sign for wider economy
2 years, 5 months ago

Google’s ad sales take a beating, a bad sign for wider economy

LA Times  

What’s happening at Google? Above, at the company’s campus in Mountain View, Calif. Summertime revenue growth at Google’s corporate parent slipped to its slowest pace since the pandemic jarred the economy more than two years ago, with advertisers clamping down on spending and bracing for a potential recession. YouTube sales were down: quarterly ad sales decreased 2% from a year …

YouTube’s quarter shows problems Meta may face: TikTok, weakening economy
2 years, 8 months ago

YouTube’s quarter shows problems Meta may face: TikTok, weakening economy

The Hindu  

Mostly reassuring financial results from Alphabet Inc included one concerning sign for social media companies: Its YouTube service posted its second difficult quarter in a row. This indicates that last week's disastrous earnings report by Snap Inc reflected problems not unique to Snap - and it could also spell trouble for Meta Platforms Inc, whose results are due later on …

Facebook parent Meta posts first revenue decline in history
2 years, 8 months ago

Facebook parent Meta posts first revenue decline in history

Associated Press  

Meta, the parent company of Facebook and Instagram, posted its first revenue decline in history Thursday, dragged down by a drop in ad spending as the economy falters — and as competition from rival TikTok intensifies. CEO Mark Zuckerberg said Meta is slowing its pace of investments and plans to “steadily reduce” employee growth after a hiring blitz earlier this …

Google’s parent reports slowest quarterly growth in 2 years
2 years, 8 months ago

Google’s parent reports slowest quarterly growth in 2 years

The Hindu  

Google’s revenue growth during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid intensifying fears of an economic recession. YouTube’s ad revenue rose by 5% from the previous year during the second quarter, the lowest rate of year-over-year quarterly growth since Alphabet began to disclose the video site’s financial results in …

Facebook's parent company reports a drop in revenue for the first time ever
2 years, 8 months ago

Facebook's parent company reports a drop in revenue for the first time ever

NPR  

Facebook's parent company reports a drop in revenue for the first time ever Enlarge this image toggle caption Noah Berger/AFP via Getty Images Noah Berger/AFP via Getty Images Facebook parent Meta was hit with a double whammy in the last three months: revenue fell for the first time ever and profit shrank for the third straight quarter, amid growing competition …

Google’s parent reports slowest quarterly growth in 2 years
2 years, 8 months ago

Google’s parent reports slowest quarterly growth in 2 years

Associated Press  

SAN FRANCISCO — Google’s revenue growth during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid intensifying fears of an economic recession. YouTube’s ad revenue rose by 5% from the previous year during the second quarter, the lowest rate of year-over-year quarterly growth since Alphabet began to disclose the video site’s …

Google's parent reports slowest quarterly growth in 2 years
2 years, 8 months ago

Google's parent reports slowest quarterly growth in 2 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Google’s revenue growth during the …

Shares of Facebook parent Meta soar despite growth slowdown
2 years, 11 months ago

Shares of Facebook parent Meta soar despite growth slowdown

Associated Press  

Facebook parent Meta’s first quarter profit and its count of daily users jumped past Wall Street’s expectations despite the company’s slowest revenue growth since going public a decade ago. Google also reported a revenue growth slowdown, but for Meta this appeared to have been mitigated by an increase in daily active users that “was enough to send the shorts covering …

Facebook parent Meta records slowest quarterly revenue growth in a DECADE
2 years, 11 months ago

Facebook parent Meta records slowest quarterly revenue growth in a DECADE

Daily Mail  

Meta CEO Mark Zuckerberg has called on the Facebook parent company to scale back the Metaverse after it saw its slowest quarterly revenue growth since 2012. The company's total revenue, the bulk of which comes from ad sales, rose 7 percent to $27.91 billion in the first quarter, but missed analysts' estimates of $28.20 billion, according to IBES data from …

Alphabet misses on revenue as YouTube falls short, inflation pressures ad sales
2 years, 11 months ago

Alphabet misses on revenue as YouTube falls short, inflation pressures ad sales

The Hindu  

Google parent Alphabet Inc on Tuesday reported first-quarter revenue below expectations as YouTube sharply missed Wall Street targets and ad sales were pressured by supply-chain and inflation concerns and the war in Ukraine. Alphabet said first-quarter sales were $68.01 billion, 23% higher than last year but below the average estimate of $68.1 billion among financial analysts tracked by Refinitiv, its …

Google parent Alphabet misses estimates on YouTube, Europe ads
2 years, 11 months ago

Google parent Alphabet misses estimates on YouTube, Europe ads

Al Jazeera  

Google parent Alphabet Inc. reported first-quarter revenue that fell short of analysts’ expectations, a rare miss for the technology giant reflecting slower ad sales in Europe and a lackluster performance by its YouTube video service. Google’s second-largest business line, its network system that runs ads elsewhere on the web, was likely limited by new regulations in Europe that restricted ad …

Facebook's Parent Company Just Took A Massive Hit. Here's Why.
3 years, 1 month ago

Facebook's Parent Company Just Took A Massive Hit. Here's Why.

Huff Post  

LOADING ERROR LOADING Shares in Meta, the company formerly known as Facebook, plummeted 26% on Thursday after the social media conglomerate reported a decline in daily users and lower-than-expected ad revenue. But the drop-off portends trouble for all of Meta’s projects, including Facebook and its plans for domination of the so-called “metaverse.” So ― what’s making Wall Street nervous? Now …

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