Facebook parent Meta posts first revenue decline in history
2 years, 4 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 year. “Expect us to get more done with fewer resources.” Beyond the economic downturn, Meta faces some unique challenges, including the looming departure of its chief operating officer Sheryl Sandberg, the chief architect of the company’s massive advertising business. In addition to TikTok, the decline in ad spending among the downturn and Apple’s privacy changes, “questions about Meta’s leadership” — including Sandberg’s exit and negative sentiment about the company as a whole — also contributed to the decline, said Raj Shah, a managing partner at digital consultancy Publicis Sapient. “The year-over-year drop in quarterly revenue signifies just how quickly Meta’s business has deteriorated,” said Insider Intelligence analyst Debra Aho Williamson in an email.

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Meta donates $1 million to Trump's inauguration fund
Top News
1 week, 4 days ago

Meta donates $1 million to Trump's inauguration fund

Deccan Chronicle  

Meta donates $1 million to Trump's inauguration fund Meta, the parent company of Facebook and Instagram, said it has donated $1 million to President-elect Donald Trump's inauguration fund. Stephen Miller, who has been appointed deputy chief of staff for Trump’s second term, has said that Zuckerberg, like other business leaders, wants to support Trump’s economic plans. Google donated $285,000 each …

Facebook’s UK office laid off over 700 workers, reduced tax bill to aggressively cut costs last year
1 week, 6 days ago

Facebook’s UK office laid off over 700 workers, reduced tax bill to aggressively cut costs last year

Firstpost  

Meta has channelled its energy into artificial intelligence, predicting capital expenditure could reach $50 billion next year. However, user growth across Meta’s platforms has been slower than analysts hoped Meta’s cost-cutting wasn’t limited to layoffs. Image Credit: Reuters Last year, Facebook’s UK operations saw major changes as its parent company, Meta, slashed over 700 jobs and introduced aggressive cost-cutting measures. …

Facebook’s new AI-driven feed is causing people to spend way more time on their phones, Meta reveals
1 month, 3 weeks ago

Facebook’s new AI-driven feed is causing people to spend way more time on their phones, Meta reveals

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Facebook and Instagram users have significantly increased their screen time since a new …

Meta Reports Strong Q3 Results with Record Revenue and Net Income
1 month, 3 weeks ago

Meta Reports Strong Q3 Results with Record Revenue and Net Income

China Daily  

Meta Platforms reports strong financial results for the third quarter, with revenue and net income increasing year-on-year. The company's family daily active people (DAP) also increased, indicating strong user growth. Meta expects fourth quarter 2024 revenue to be in the range of $45 billion to $48 billion, with full-year 2024 expenses in the range of $96 billion to $98 billion. …

Meta’s third-quarter profit surges 35%, reflecting strong ad revenue and its AI push
1 month, 3 weeks ago

Meta’s third-quarter profit surges 35%, reflecting strong ad revenue and its AI push

LA Times  

Mark Zuckerberg wears a pair of Orion AR glasses during the Meta Connect conference on Sept. 25, 2024, in Menlo Park, Calif. Meta Platforms Inc. posted stronger-than-expected third-quarter results on Wednesday, fueled by its advertising revenue growth and its push to incorporate artificial intelligence. Meta said it’s “family daily active people” — the number of users who signed into at …

Facebook parent Meta forecasts upbeat Q3 revenue after strong quarter
4 months, 3 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 …

Meta shares surge after tech giant reports $13.5bn profit
4 months, 3 weeks ago

Meta shares surge after tech giant reports $13.5bn profit

Al Jazeera  

CEO Mark Zuckerberg says Meta AI is on track to be the most used AI assistant worldwide by the year’s end. “We had a strong quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year,” Meta founder and CEO Mark Zuckerberg said. “We’ve released the first frontier-level …

Facebook parent Meta posts stronger-than-expected Q2 results, sending shares higher after hours
4 months, 3 weeks ago

Facebook parent Meta posts stronger-than-expected Q2 results, sending shares higher after hours

Associated Press  

SAN FRANCISCO — Investments in artificial intelligence will account for a significant increase in Facebook parent company Meta’s expenses in the coming year, but stronger-than-expected revenue from its advertising business was enough to reassure investors that its business is on the right track. “And unlike Google, which is grappling with making changes that will impact its core ad business, most …

Meta Q2 ad sales expected to rise; focus on AI roadmap, costs
4 months, 3 weeks ago

Meta Q2 ad sales expected to rise; focus on AI roadmap, costs

The Hindu  

Meta Platforms is expected to report a 20% rise in quarterly revenue, helped by strong ad sales driven by the Olympics and elections in several countries, but investors will want to see if its spending on AI is starting to yield returns. The company released its mostly free Llama 3.1 artificial intelligence model last week, and said developers can use …

Google parent reports another quarter of accelerating growth and its stock price soars
7 months, 4 weeks 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, …

Mark Zuckerberg's wealth plunges after Meta shares sink 13% in one day
7 months, 4 weeks ago

Mark Zuckerberg's wealth plunges after Meta shares sink 13% in one day

Daily Mail  

Meta shares crashed in after-hours trading Wednesday after the company warned profits will slip over the summer. Meta says it will see second quarter revenue between $36.5 and $39 billion. Shares were also hit after Meta said it expects overall expenses this year to be higher than it previously forecast - as the Facebook parent spends heavily to roll out …

Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours
7 months, 4 weeks ago

Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours

Associated Press  

Facebook and Instagram parent company Meta said Wednesday its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms. The company has been investing heavily in AI and earlier this month unveiled a new set of artificial intelligence systems that are powering what CEO Mark Zuckerberg calls …

Facebook's first dividend stands to make a few very rich
10 months, 2 weeks ago

Facebook's first dividend stands to make a few very rich

BBC  

Facebook's first dividend stands to make a few very rich Getty Images After apologising at the US Senate online child safety hearing, Meta CEO Mark Zuckerberg announced Facebook's first dividend – a move that stands to make shareholders rich. Otherwise, these firms may lose investment dollars to companies like Facebook that offer one.” – John Pham, The Money Ninja What’s …

Meta adds $196 billion to stock market value as shares see biggest one-day high
10 months, 3 weeks ago

Meta adds $196 billion to stock market value as shares see biggest one-day high

Hindustan Times  

Meta Platforms added $196 billion in stock market value on Friday, marking the biggest one-day gain by any company in Wall Street history after the Facebook parent declared its first dividend and posted robust results. Meta shares see their biggest single-day high Meta's stock surged 20.3% for the session, also recording its biggest one-day percentage increase in a year and …

Meta adds $214 billion amid job cuts and dividend pay off
10 months, 3 weeks ago

Meta adds $214 billion amid job cuts and dividend pay off

Hindustan Times  

Meta added over $214 billion in stock market value on Friday, with shares on track for their third biggest percentage jump since its 2012 Wall Street debut after the Facebook parent's first dividend declaration and robust results. A Meta logo is seen Days ahead of Facebook's 20th anniversary, Meta authorized an additional $50 billion in share repurchases and said its …

Amazon and Meta—Nothing Artificial About These Results
10 months, 3 weeks 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, …

Facebook parent Meta declares first dividend, shares jump 12%
10 months, 3 weeks ago

Facebook parent Meta declares first dividend, shares jump 12%

Hindustan Times  

Meta Platforms issued its first ever dividend days ahead of flagship social network Facebook's 20th anniversary, while reporting revenue that beat expectations as a result of robust ad and device sales in the holiday shopping period. Meta forecast first quarter revenue of $34.5 billion to $37 billion, above Wall Street expectations of $33.8 billion. Improvements to the social media business …

Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound
10 months, 3 weeks 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 …

Zuckerberg announces $50bn payout for Meta shareholders amid child safety concerns
10 months, 3 weeks ago

Zuckerberg announces $50bn payout for Meta shareholders amid child safety concerns

The Telegraph  

Mark Zuckerberg’s Meta will pay up to $50bn to shareholders after it posted record revenues, sending profits soaring by 200pc. Quarterly profits climbed threefold to $14bn as Meta’s advertising sales staged a marked recovery after it implemented sweeping layoffs last year in a drastic effort to cut costs. Mr Zuckerberg also announced the social network giant, which turns 20 this …

Social media companies made $11 billion in US ad revenue from minors, Harvard study finds
11 months, 3 weeks ago

Social media companies made $11 billion in US ad revenue from minors, Harvard study finds

Associated Press  

Social media companies collectively made over $11 billion in U.S. advertising revenue from minors last year, according to a study from the Harvard T.H. This year, lawmakers in states like New York and Utah introduced or passed legislation that would curb social media use among kids, citing harms to youth mental health and other concerns. “Although social media platforms may …

Meta expands earning opportunities on Instagram and Facebook: Here's what you need to know
1 year, 1 month ago

Meta expands earning opportunities on Instagram and Facebook: Here's what you need to know

India TV News  

Meta, the parent company of Facebook and Instagram, is rolling out new updates to help creators generate income and grow their audiences on these platforms. Instagram's Invite-Only Holiday Bonus The company is currently testing a holiday bonus program on Instagram, available by invitation only to creators in the United States, South Korea, and Japan. One Million Subscriptions on Instagram Meta …

Meta reports “good” quarter after revenue growth, launch of Threads and AI products
1 year, 1 month ago

Meta reports “good” quarter after revenue growth, launch of Threads and AI products

The Hindu  

Meta CEO Mark Zuckerberg noted a “good quarter” for the company’s community and business as the social media giant reported revenue growth of 23% year-over-year to reach $34.15 billion. Zuckerberg earlier announced that 2023 would be Meta’s year of “efficiency” and the company proceeded to lay off hundreds of workers across its tech and business divisions. “I’m proud of the …

Meta Q3 Results: Facebook parent beats revenue, profit estimates
1 year, 1 month ago

Meta Q3 Results: Facebook parent beats revenue, profit estimates

Live Mint  

Meta Platforms, the owner of social media platforms Facebook and Instagram, beat expectations for third-quarter profit and revenue on Wednesday led by a recovery in digital advertising spending. Meta, which also owns WhatsApp, reported a 23% rise in revenue to $34.15 billion for the quarter ended September, growing at the quickest pace in two years. The company forecast 2024 spending …

Facebook parent Meta posts sharply higher profit in 3Q thanks to increase in ad revenue
1 year, 1 month 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, …

Facebook scraps multimillion-pound funding scheme as Sir Nick Clegg project fails
1 year, 3 months ago

Facebook scraps multimillion-pound funding scheme as Sir Nick Clegg project fails

The Telegraph  

Facebook’s Community News scheme was previously described by Sir Nick as something that “keeps journalism sustainable”. At the time of the tab’s 2018 launch, Facebook was under fire for allowing Russian troll farms to spread disinformation, including one notorious fake news factory linked to late Wagner mercenary chief Yevgeny Prigozhin. The Community News scheme helped Meta deflect criticism that its …

Meta posts higher profit, revenue for Q2 as advertising rebounds
1 year, 4 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, 4 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, …

Meta's Threads could lure ads from Twitter but it's early days, analysts say
1 year, 5 months ago

Meta's Threads could lure ads from Twitter but it's early days, analysts say

The Hindu  

Threads, Meta Platform's broadside to Twitter, is seen by some advertisers as less contentious and more predictable than Elon Musk's platform, and analysts say it could lure away marketing budgets - eventually. If the app manages to retain users, Threads could achieve $5 billion in annual ad revenue, equaling what Twitter earned in 2021, Bernstein said in a note on …

Meta extends performance bonuses on Facebook to boost earnings for creators
1 year, 6 months ago

Meta extends performance bonuses on Facebook to boost earnings for creators

India TV News  

Meta, formerly known as Facebook, has unveiled additional bonuses for creators as part of its "Performance bonus programme," aimed at rewarding creators who generate high engagement with their content on the platform. In May, Meta announced updates to its Ads on Reels tests, introducing a new payout model and expanding access to more creators. The company now plans to launch …

Facebook owner Meta starts final round of layoffs
1 year, 6 months ago

Facebook owner Meta starts final round of layoffs

The Hindu  

Meta Platforms Inc. carried out the last batch of a three-part round of layoffs on Wednesday, according to a person familiar with the matter, as part of a plan announced in March to eliminate 10,000 roles. Meta earlier this year became the first Big Tech company to announce a second round of mass layoffs, after showing more than 11,000 employees …

Facebook owner Meta starts final round of layoffs
1 year, 6 months ago

Facebook owner Meta starts final round of layoffs

Hindustan Times  

Meta Platforms Inc started carrying out the last batch of a three-part round of layoffs on Wednesday, according to a source familiar with the matter, as part of a plan announced in March to eliminate 10,000 roles. Meta in March became the first Big Tech company to announce a second round of mass layoffs, after showing more than 11,000 employees …

FTC proposes ban on Meta profiting from minors’ data
1 year, 7 months ago

FTC proposes ban on Meta profiting from minors’ data

The Hindu  

The U.S. Federal Trade Commission on Wednesday accused Meta's Facebook of misleading parents about protections for children and proposed tightening an existing agreement on privacy to include a ban on making money from minors' data. Specifically, the FTC said Facebook misled parents about how much control they had over who their children had contact within the Messenger Kids app and …

Facebook owner Meta touts AI might as digital ads boost outlook, shares
1 year, 7 months ago

Facebook owner Meta touts AI might as digital ads boost outlook, shares

The Hindu  

Meta Platforms Inc. CEO Mark Zuckerberg said on Wednesday that AI was helping the company boost traffic to Facebook and Instagram and earn more in ad sales, as it forecast quarterly revenue well above analyst expectations. "I think similar to Alphabet, a lot of Meta's AI investments have gone into the advertiser side," said James Cordwell, analyst at Atlantic Equities. …

Facebook parent Meta posts solid 1Q results, stock soars
1 year, 7 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 …

Boost for Mark Zuckerberg as Facebook-owner Meta breaks year-long slump
1 year, 7 months ago

Boost for Mark Zuckerberg as Facebook-owner Meta breaks year-long slump

The Telegraph  

Shares in Facebook’s parent company Meta soared last night as it broke a losing streak to post its first rise in sales in a year. However, profits fell by 24pc and the company revealed a big drop in sales at its virtual reality division, showing that Mark Zuckerberg’s expensive bet on the metaverse is stuttering. The company’s overall revenue rise, …

Facebook-Parent Meta To Lay Off 10,000 Employees: Report
1 year, 8 months ago

Facebook-Parent Meta To Lay Off 10,000 Employees: Report

ABP News  

Meta Platforms, the parent company of social media giants such as Facebook and Instagram, is gearing up for another round of companywide layoffs as it works to achieve greater efficiency. The company has announced plans to cut 10,000 positions across its various brands, including Facebook, WhatsApp, Instagram, and Reality Labs, the arm of the company responsible for virtual reality efforts …

In another round of cuts, Facebook parent Meta sacks tech teams
1 year, 8 months ago

In another round of cuts, Facebook parent Meta sacks tech teams

Al Jazeera  

Wednesday cuts have prompted expressions of frustration from employees who say it has ‘shattered’ morale. Meta Platforms Inc on Wednesday carried out another round of job cuts, this time hitting engineers and adjacent tech teams, as Chief Executive Mark Zuckerberg further moved to streamline the business in a bid to make 2023 a “year of efficiency”. Meta, in March, became …

A 2nd wave of layoffs at Meta; 10,000 jobs are cut
1 year, 9 months ago

A 2nd wave of layoffs at Meta; 10,000 jobs are cut

Associated Press  

Facebook parent Meta is slashing 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard. The Menlo Park, company said Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups …

Facebook parent Meta slashes another 10,000 jobs
1 year, 9 months ago

Facebook parent Meta slashes another 10,000 jobs

Deccan Chronicle  

New York: Facebook parent Meta is slashing another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs. The company said on Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups in late April, and then its business groups in late May. “It will mean …

Facebook owner Meta to cut 10,000 jobs in second round of layoffs
1 year, 9 months ago

Facebook owner Meta to cut 10,000 jobs in second round of layoffs

Al Jazeera  

Meta is slashing jobs in a bid to recover from losses and invest in the ‘metaverse’. Meta Platforms has announced it will slash a further 10,000 jobs in a second round of mass layoffs as the Big Tech industry braces for a deep economic downturn. Worries of an economic downturn due to rising interest rates have sparked a series of …

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency'
1 year, 9 months ago

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency'

NPR  

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency' Enlarge this image toggle caption Jeff Chiu/AP Jeff Chiu/AP Facebook's parent company Meta is laying off another 10,000 workers, or roughly 12% of its workforce, in order to cut costs and shore up efficiency, CEO Mark Zuckerberg announced Tuesday. The world economy changed, competitive pressures grew, and our growth …

Meta planning to launch Twitter rival
1 year, 9 months ago

Meta planning to launch Twitter rival

Deccan Chronicle  

Los Angeles: Elon Musk's Twitter could soon face new competition from Facebook-owned Meta. The new Meta app would be based on -- and interoperable with -- the framework that powers Mastodon, a Twitter-like service that launched in 2016 and has seen a surge in popularity since Musk's takeover of Twitter last October. Last month, the tech giant began rolling out …

Facebook-parent Meta plans new job cuts that could match last year’s tally
1 year, 9 months ago

Facebook-parent Meta plans new job cuts that could match last year’s tally

The Hindu  

Facebook-parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13% job cut tally from last year, the Wall Street Journal reported on Friday citing people familiar with the matter. Meta let go of 11,000 employees four months ago and would be the first Big Tech company to …

Facebook parent Meta plans new layoffs: Report
1 year, 9 months ago

Facebook parent Meta plans new layoffs: Report

Deccan Chronicle  

Washington : Meta Platforms, the parent company of Facebook is planning additional job cuts over several rounds in the next few months, according to media reports, reported The Wall Street Journal. Among projects that will be cut are some wearable devices that were in the works at Reality Labs, Meta's hardware and metaverse division, the people said, suggesting a near-term …

Facebook-Parent Meta Plans More Layoffs After Firing 11,000 Employees: Report
1 year, 10 months ago

Facebook-Parent Meta Plans More Layoffs After Firing 11,000 Employees: Report

ABP News  

Meta Platforms Inc, the parent firm of Facebook, is planning another fresh round of job cuts in bid to reorganise and downsize. Meta last year said it will let go of 13 per cent of its workforce, or more than 11,000 employees, as it grappled with soaring costs and a weak advertising market. According to the Reuters’ report, Meta plans …

Meta plans fresh round of job cuts months after laying off over 11,000 workers
1 year, 10 months ago

Meta plans fresh round of job cuts months after laying off over 11,000 workers

Live Mint  

After firing more than 11,000 employees towards the end of last year, Facebook Parent company Meta is now planning a fresh round of job cuts. According to a Washington Port report citing people familiar with the matter, the company is also planning to push some leaders into lower-level roles without direct reports - essentially flattening the layers of management between …

Meta launches paid subscription: What will it offer and who will benefit?
1 year, 10 months ago

Meta launches paid subscription: What will it offer and who will benefit?

Firstpost  

The new service will cost $11.99 a month for users who sign up via the Internet and $14.99 for those using mobile apps. The subscription will be voluntary and only users who are over the age of 18 will be allowed to subscribe San Francisco: Meta platform users will soon be able to follow in Twitter denizens’ footsteps in affixing …

Meta plans fresh layoffs, delays setting team budgets: Report
1 year, 10 months ago

Meta plans fresh layoffs, delays setting team budgets: Report

Hindustan Times  

Facebook parent Meta Platforms Inc has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported on Saturday. Earlier this month, Meta announced that it expects its 2023 expenses at between $89 billion and $95 billion, with CEO Mark Zuckerberg calling the period a "Year of Efficiency." In recent weeks …

Big Tech earnings show digital ads market is still shaky
1 year, 10 months 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 …

Alphabet posts lower Q4 profit amid ad squeeze, competition
1 year, 10 months 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 …

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