A look back at a wild week at Meta and Instagram.
that Meta is currently experiencing a combination of financial difficulties that, in its long history, it has never faced. Its Reality Labs division continues to lose billions of dollars at the same time Facebook reported its first-ever decline in revenue.from accounts that users do not follow: the news does not go down well.
Remarkably, on the same day, Instagram head Adam Mosseri comes out with a different message to his boss and says that the
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Mark Zuckerberg: ‘many teams are going to shrink’ as Meta revenue dropsShares of Facebook sank by nearly 8.5% in early trading on Wall Street on Thursday.
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Meta is 'fighting its Cerberus' but the big picture is brighter for Facebook parentBeneath Meta Platforms Inc.'s macroeconomic clouds is an existential crisis for the Facebook parent company that was on display when the technology giant...
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After first Facebook revenue drop, Meta looks to be in panic modeMeta just reported its first-ever decline in revenue since going public a decade ago.
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Breakingviews - Meta Platforms, like wine, gets better with ageMaturity isn’t such a bad thing for Meta Platforms . Sure, advertising at the $430 billion social media platform is under threat, and user growth is slowing, while the Facebook parent’s new virtual world looks a little like a corporate mid-life crisis. But the business is showing the benefits of age, like decent profitability. Through a new set of bifocals, it might even look undervalued.
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Stocks making the biggest moves after hours: Meta Platforms, Ford, Qualcomm, Teladoc and moreSee which stocks are posting big moves after the bell.
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FTC Sues to Block Facebook Owner Meta From Buying VR Fitness App MakerThe lawsuit echoes issues progressive critics have said the FTC should have raised in Facebook’s acquisitions of Instagram and WhatsApp roughly a decade ago.
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