News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 52%
  • Publisher: 72%

Advertising Nyheter

Technology,Breaking News: Technology,Meta Platforms Inc

Meta Platforms has benefited from an influx of spending from Chinese advertisers. Its earnings report Wednesday will provide a fresh look at the tailwind.

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,

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »