Facebook parent Meta is having a no-good, horrible day after dismal earnings report

Enlarge this image

Meta’s tumble in share price on Thursday was the market’s reaction to news that a slowdown in digital advertising, new security protocols on Apple devices and a bet on the metaverse have all hurt the Facebook parent’s bottom line. In particular, investors have criticized Meta CEO Mark Zuckerberg, seen here, for spending big on the metaverse. Michael Nagle/Bloomberg via Getty Images

Michael Nagle/Bloomberg via Getty Images

Facebook parent company Meta’s stock plummeted on Thursday, following its announcement of a dismal third quarter.

At market

→ Continue reading at NPR - Technology

More from author

Related posts

Advertisment

Latest posts

The Worst Stock Market Ever?

Nobody is enjoying this stock market. Maybe not the worst ever…but definitely not a lot of fun. So let's talk about what is making...

After a summer of Barbenheimer and Beyoncé, can US consumers still afford the holiday season? | CNN Business

Minneapolis CNN  —  Ballpark attendance boomed this summer, Barbenheimer revived the box office and a Renaissance of live performances...

4 Easy Ways to Make More Money By Training Your Brain

Can you train your brain to make more money?Mental rehearsal is a powerful psychological technique that's used by athletes, billionaires, and entrepreneurs to achieve...