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by panarky
1590 days ago
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> All that drive-time- and ballgame placement ads went to Google/Facebook/Youtube ... Somehow Google captured a lot more of that lightning than Facebook did. "Facebook parent Meta Platforms Inc. startled investors with a sharper-than-expected decline in profits and a gloomy outlook in its first earnings report since Chief Executive Mark Zuckerberg outlined a pivot to the metaverse." "Meta shares plunged after the results were announced, dropping more than 20%." "The company said it expected revenue growth to slow because users were spending less time on its more lucrative services. Meta cited inflation as a weight on advertiser spending ..." https://archive.is/MOYi6 |
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