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Sales slump at Facebook parent Meta, stock tumbles

Por: ABC News Business October 27, 2022

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Meta, the parent company of Facebook, reported a second consecutive quarter of declining sales on Wednesday, as the company contends with a widespread drop in online ad spending and rising competition from TikTok.In addition, an Apple iOS privacy update last year, which limits the capability of advertisers to target users, has continued to weigh on ad sales at the heart of Meta’s business.Revenue declined 4% year-over-year, the earnings report... + full article



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