Meta Platforms gets billions from China without headaches many U.S. companies face there

As many American companies struggle to navigate the world's second-largest economy, Meta Platforms has found itself raking in billions of dollars from China without the direct challenges of doing business there. The Facebook and Instagram owner got 10% of its overall revenue from China-based advertisers last year, up from 6.35% in 2022, according to the Club holding's annual report.

Founder and CEO of US online social media and social networking service Facebook Mark Zuckerberg reacts upon his arrival for a meeting with European Commission vice-president in charge for Values and Transparency, in Brussels, on February 17, 2020.As many American companies struggle to navigate the world's second-largest economy,

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Earnings playbook: Your guide to trading a huge week of reports, including Meta PlatformsA big week of earnings looms, featuring some of the largest companies in the world.
Source: CNBC - 🏆 12. / 72 Read more »

The investment case for Meta Platforms gets stronger — and our price target is changing, tooThe Instagram and Facebook parent is pulling away from the digital-advertising pack.
Source: CNBC - 🏆 12. / 72 Read more »