Facebook parent company Meta Platforms Inc. reported a sharper-than-expected fall in earnings in late July, with its stock dropping to about half its value at the beginning of the year (it has since recovered slightly, part of a broader market “moderating inflation” narrative and relief rally). The company faces myriad headwinds detailed by market analysts, including a loss of user and advertising share from its flagship Facebook and Instagram platforms to TikTok, a decline in e-commerce spending as the impact of the COVID pandemic wanes, and significant investment associated with its development of the “metaverse” and related virtual and augmented reality technologies. While Meta is n
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