A series of quarterly earnings reports is showing that even Silicon Valley’s most powerful companies are feeling the impact of inflation and rising interest rates.
Tag: Facebook Inc
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Meta Quarterly Earnings: Profit Declines With Losses in Reality Labs
The social networking company, which is trying to shift into the so-called metaverse, posted falling sales and said it was “making significant changes” to operate more efficiently.
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TikTok failed to stop most misleading political ads in a test run by researchers.
YouTube and Facebook fared better in the experiment.
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Meta Forced to Sell Giphy After British Antitrust Order
The sale is the first time Meta has been forced by regulators to sell a part of its business, a sign of increased antitrust scrutiny around the world.
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It Shouldn’t Matter So Much Whether Elon Musk Buys Twitter
Mr. Musk’s plan to buy Twitter underscores the need for federal regulation of social media sites.