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Facebook parent Meta reports Q3 revenue, profit decline

Por: Orlando Sentinel Business October 27, 2022

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Facebook parent Meta on Wednesday reported that its revenue declined for a second consecutive quarter, hurt by falling advertising revenue amid competition from the wildly popular video app TikTok. The quarter’s weak results raised fresh questions about whether Meta, whose largest Midwest office is in the Loop, plans to spend $10 billion a year on the metaverse. Meta’s disappointing results followed weak earnings reports from Google parent... + full article



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