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Facebook parent Meta's revenue, profit decline amid ad slump

Por: Associated Press Tech 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 sales as it faces competition from TikTok’s wildly popular video app. The quarter’s weak results raised fresh questions about whether Meta’s plans to spend $10 billion a year on the metaverse — — is prudent while its main source of revenue is faltering. The quarterly results from Meta Platforms Inc. sent... + full article



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