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Meta shares drop 19% on weak fourth-quarter forecast and earnings miss

Por: NBC News Tech October 27, 2022

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Meta shares continued their 2022 freefall, plunging 19% in extended trading Wednesday after Facebook’s parent issued a weak forecast for the fourth quarter and came up well short of Wall Street’s expectations for earnings. Meta is contending with a broad slowdown in online ad spending, challenges from Apple’s iOS privacy update and increased competition from TikTok. Add it up, and Meta has posted consecutive quarters of revenue declines... + full article



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