Business Highlights: Meta’s profit slips, CNN president out
Associated Press___ Shares of Facebook parent Meta plunge 22% on lower profits MENLO PARK, Calif. — Meta, the company that owns Facebook, Instagram and WhatsApp, saw its stock plunge after-hours Wednesday after reporting a rare decline in its fourth quarter profit due to a sharp increase in expenses. ___ CNN president resigns after relationship with co-worker NEW YORK — CNN President Jeff Zucker has abruptly resigned after acknowledging a consensual relationship with another network executive. ___ Inflation in 19 countries using the euro hits another record FRANKFURT, Germany — Inflation fed by high oil and gas prices hit record levels in Europe for the third month in a row. Wednesday’s proposal from the European Commission has divided member countries and drawn outcry from environmentalists as “greenwashing.” The green labeling system would define what qualifies as an investment in sustainable energy in the 27-nation bloc.
History of this topic
A fresh wave of coronavirus job losses is about to come crashing down
CNNDiscover Related
)
