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

When Will This “Suckers Rally” End?

Indeed this nearly 9% rally for the S&P 500 (SPY) from the recent bottom has been impressive. Then again so was the 18% rally...

#1 Investing Strategy for 2022

Investing before 2022 was easy. Just pick the hottest growth stocks and ride them higher. It kind of felt like 1999 all over again...

The Happy Meal inventor says McDonald's didn't want it at first | CNN Business

New York CNN Business  —  McDonald’s said this week that it sold half of its new Happy Meals geared...