Meta posts first-ever revenue drop due to inflation

By
Follow google news

AI recommended content to increase on Facebook.

Meta posts first-ever revenue drop due to inflation
Meta Platforms issued a gloomy forecast after recording its first-ever quarterly drop in revenue on Wednesday, with a global recession looming and competitive pressures weighing on its digital ads sales. Shares of the Menlo Park, California-based company were down about 3.4 percent in extended ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
emerging techfacebookmeta

Sponsored Whitepapers

Uncomplicate IT Service Delivery with AI Agents
Uncomplicate IT Service Delivery with AI Agents
Getting ahead of the tech: what’s next for Australian organisations in digital transformation
Getting ahead of the tech: what’s next for Australian organisations in digital transformation
Fintech compliance made fast and secure
Fintech compliance made fast and secure
How to evaluate SIEM solutions Safeguarding your future Get a demo Download guide
How to evaluate SIEM solutions Safeguarding your future Get a demo Download guide
2025 Security operations insights: Three-quarters of security leaders need something new in SIEM
2025 Security operations insights: Three-quarters of security leaders need something new in SIEM

Events

Most Read Articles

ANZ deploys Agentforce to supercharge new CRM system

ANZ deploys Agentforce to supercharge new CRM system
Nissan's A/NZ finance arm embarks on $35m digital transformation

Nissan's A/NZ finance arm embarks on $35m digital transformation
Blacktown City Council trials AI for development applications

Blacktown City Council trials AI for development applications
NSW gov to make AI risk assessments less "subjective"

NSW gov to make AI risk assessments less "subjective"
techpartner.news logo
Sydney-based AI-cloud waste startup raises $3m
Sydney-based AI-cloud waste startup raises $3m
Brennan uses NiCE to modernise its contact centre
Brennan uses NiCE to modernise its contact centre
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Interactive introduces private cloud platform
Interactive introduces private cloud platform
Digital61 expands cybersecurity portfolio
Digital61 expands cybersecurity portfolio

Log In

  |  Forgot your password?