Steve July 27, 2022
meta-sees-first-ever-quarterly-drop,-misses-estimates

Recession fears and competitive pressures are weighing on the digital ads sales of the social media giant., Meta Platforms Inc has issued a gloomy forecast after recording its first-ever quarterly drop in revenue, with recession fears and competitive pressures weighing on its digital advertisement sales. Shares of the Menlo Park, California-based company were down about 4.6 percent in extended trading. The company said on Wednesday it expects third-quarter revenue to come in at $26bn to $28.5bn, which would make it a second year-over-year drop in a row.,2022-07-28 04:29:00,Read More