for its massive ad biz in the first quarter of 2022 were a bigger impact from Apple’s iOS privacy changes and new EU regulations, as well as “macroeconomic challenges” leading to reduced marketing budgets. The company estimates a roughly $10 billion economic impact in 2022 stemming from Apple’s iOS changes, which limit Meta’s ability to target and measure ads, CFO Dave Wehner said on the Q4 earnings call.
According to Meta, it faces “increased competition for people’s time and a shift of engagement within our apps towards video surfaces like Reels, which monetize at lower rates than Feed and Stories.” The company first launchedMultiple analysts cut price targets on Meta in the wake of the Q4 earnings report.
To be sure, Zuckerberg’s pointing to TikTok as a growing rival is partly aimed at governments and regulators — an attempt to demonstrate that it does not have a monopoly in the social-media sector. The near-term concerns for the company are developing effective workarounds to Apple’s iOS privacy changes and boosting monetization of Reels videos.
Musk, Gates, & Bezos are losing too!
Love it!
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Facebook stands to shed more than $200 billion in market value after rough earnings reportICYMI: Meta, formerly known as Facebook ($FB), reported fourth-quarter earnings of $10.3 billion, or $3.67 a share, down from $3.88 a share last year. Earnings fell short of the average forecast for profit of $3.85 a share. Some months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn $50,000 now am financially stable. Zucky goes face-to-face with whistleblower Frances Haugen I'd be happy if it went below 0
Source: MarketWatch - 🏆 3. / 97 Read more »
Facebook owner Meta set for $195 billion wipeout, biggest in market history(Bloomberg) — Meta Platforms Inc.’s one-day crash may rank as the worst in stock-market history.
Source: mercnews - 🏆 88. / 68 Read more »
North America to lead growth in blockchain market, new report saysThe presence of major industry players such as IBM, Microsoft, Oracle, AWS, Digital Asset Holdings and others in the North American market is expected to have a significant impact during the forecast period. I also believe this to be true! Already so many builders in North America created meaningful projects and community. This is just the beginning For high risk tokens, I might immediately move to coin stable, But for others like $ANJI, I'm pretty calm. anji_eco Can be trusted. Morphead Free NFT giveaway Giving away 5 OG spot for FREE MINT To enter : ⁃Follow MorpheadsNFT & o_naiz ⁃Like & Retweet ⁃Join our Discord : NFT nftdrop nftcommunity nftart wagmi SolanaNFTs $SOL NFTGiveaway FreeMint NFTartist
Source: Cointelegraph - 🏆 562. / 51 Read more »
Disappointing Meta, PayPal Earnings Send Shudders Through Stock MarketThe technology stock rally that led the market’s dizzying rally from the depths of the pandemic is coming under pressure: Shares of Facebook’s parent company, PayPal Holdings and Spotify have lost $270 billion of market value in the past two days Dear Crypto community, being an Indian investor I am requesting the crypto industry to support the reducecryptotax campaign against India's Flat 30% crypto tax. Please retweet with reducecryptotax Join SoFi Money & get a $25 bonus. 💸💸💵 sofi. com/invite/money?gcp=39608a59-e08b-4267-b23c-bf3d7649699b
Source: WSJ - 🏆 98. / 63 Read more »
Technical Analysis: Gamestop Partnership Sends IMX 35% Higher – Market Updates Bitcoin NewsImmutable X avoided Thursday’s red wave, and was one of this week's biggest crypto gainers, following news of a partnership with Gamestop. I am using the Dexfolio Live DeFi Tracker is a multi-chain & multi-wallet crypto tracking app it has scam token detection feature. It's great app download it on Playstore and Applestore
Source: BTCTN - 🏆 531. / 51 Read more »
BoE's Broadbent: Main reason for wage growth is tight labour marketBank of England Deputy Governor Ben Broadbent said on Thursday that the main reason for wage growth picking up in the UK is the tightness of the labou
Source: FXStreetNews - 🏆 14. / 72 Read more »