Meta has managed to get some smart folks and 33 US states to agree on something. Facebook and Instagram are hazardous.
https://www.cnn.com/2023/10/25/business/nightcap-tech-meta-lawsuit/inde…
Meanwhile, the technology giant - Meta (META) reported its third quarter earnings on Wednesday, beating on the top and bottom lines. However, an initial wave of optimism was stymied after the company issued conservative Q4 guidance.
In the company's earnings call, Meta CFO Susan Li said that geopolitical unrest – both recently in the Middle East and more broadly – is leading to a "softening" ad market.
‘Then again Facebook owner Meta slumps as ad sales, spending outlook cloud impressive earnings beat
A cautious outlook for ad sales, and big 2024 spending plans is muting market reaction to an impressive third quarter earnings report from Facebook owner Meta Platforms. https://www.thestreet.com/investing/stocks/facebook-owner-meta-slumps-a…
I gave up going to Facebook WhatsApp and Instagram regularly a couple of years ago.