Facebook Parent Meta Is Having A No-good, Horrible Day After Dismal Earnings Report

  • 📰 LAist
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The markets are reacting to news that a slowdown in digital advertising, new security protocols on Apple devices and a bet on the metaverse have all hurt Meta's bottom line.

It has been a particularly bad week for tech.

"I think that our work here is going to be of historic importance and create the foundation for an entirely new way that we will interact with each other and blend technology into our lives," Zuckerberg said on a call with investors Wednesday. Investors have criticized Zuckerberg for spending big on an idea that isn't fully fleshed out despite his optimism in his investment.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 606. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines