{"id":4613,"date":"2022-02-02T22:36:49","date_gmt":"2022-02-02T21:36:49","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/02\/02\/facebook-shares-slump-20-amid-higher-costs-and-slowing-growth\/"},"modified":"2022-02-02T22:36:49","modified_gmt":"2022-02-02T21:36:49","slug":"facebook-shares-slump-20-amid-higher-costs-and-slowing-growth","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/02\/02\/facebook-shares-slump-20-amid-higher-costs-and-slowing-growth\/","title":{"rendered":"Facebook shares slump 20% amid higher costs and slowing growth"},"content":{"rendered":"

Parent company Meta reports revenues of $33.67bn but warns it faces \u2018headwinds\u2019 from competition and shift of engagement<\/p>\n

Meta, the company formerly known as Facebook, became the latest tech company to suffer a dramatic share price slump on Wednesday as it reported higher costs and slowing growth.<\/p>\n

Reporting its first earnings under its new name, the social media company revealed it had spent $10bn on its vision of the future \u2013 the \u201cmetaverse\u201d \u2013 and warned it faced \u201cheadwinds from both increased competition for people\u2019s time and a shift of engagement\u201d. Meta\u2019s share price dropped 20% in after-hours trading.<\/p>\n

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\nParent company Meta reports revenues of $33.67bn but warns it faces \u2018headwinds\u2019 from competition and shift of engagement
\nMeta, the company formerly known as Facebook, became the latest tech company to suffer a dramatic share price slump on Wednesday as it reported higher costs and slowing growth.
\nReporting its first earnings under its new name, the social media company revealed it had spent $10bn on its vision of the future \u2013 the \u201cmetaverse\u201d \u2013 and warned it faced \u201cheadwinds from both increased competition for people\u2019s time and a shift of engagement\u201d. Meta\u2019s share price dropped 20% in after-hours trading. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Parent company Meta reports revenues of $33.67bn but warns it faces \u2018headwinds\u2019 from competition and shift of engagement Meta, the company formerly known as Facebook, became the latest tech company to suffer a dramatic share price slump on Wednesday as it reported higher costs and slowing growth. Reporting its first earnings under its new name, …<\/p>\n

Facebook shares slump 20% amid higher costs and slowing growth<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":4614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4613"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=4613"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/4614"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=4613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=4613"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=4613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}