Facebook parent Meta posts first revenue decline in history ...Middle East

Devdiscourse - Opinion

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. The results largely followed a broader decline in the digital advertising market that is dinging Meta rivals such as Google, Twitter — which also posted a revenue decline — and Snap. Google's parent company Alphabet reported its slowest quarterly growth in two years on Tuesday. 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. “This is a period that demands more intensity,'' h

Hence then, the article about facebook parent meta posts first revenue decline in history was published today ( Thursday 28/07/2022 - 08:16 AM ) and is available on Devdiscourse ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Facebook parent Meta posts first revenue decline in history )

Last updated : 28 July 2022 clock 08:16 AM

Also on site :

Facebook parent Meta posts first revenue decline in history ...Middle East

Ukraine's Strategic Move: Awarding Dobra Lithium Deposit Rights

Scott Galloway on how to help young males ditch ‘parasites trolling off despair and anger’

Elon Musk’s inhuman AI is stripping women of their most fundamental rights

Legal Maverick's Double Life: From Supreme Court to High-Stakes Poker

EPA's Repeal Proposal Sparks Debate on Environmental Regulations

UK Investigates Elon Musk's X: Grok AI Deepfake Scandal

Uttarakhand Sees Surge in Marriage Registrations Post-UCC Implementation

Dottin and Deepti’s Dazzling Partnership Rescues UPW

Mizoram's Financial Reforms Under CM Lalduhoma: A Two-Year Review

German Chancellor Friedrich Merz Explores Gujarat's Cultural Heritage

With America’s 250th in sight, these books illuminate the true spirit of the Declaration of Independence

Coromandel International and IIT Madras Unite for Innovative Agri-Research Hub

Voices: ‘Unhappy do us part’: Readers reflect on marriages and relationships that didn’t last

Norway Pledges €340 Million to Bolster Ukraine's Energy Sector Amid Ongoing Conflict

Debate, Education, and Nation-Building: VP Radhakrishnan's Address at JNU