Source: news.google.com
Mark Zuckerberg, CEO of Meta Platforms Inc., speaks during the virtual Meta Connect event in New York, USA, on Tuesday, October 11, 2022. for a virtual future.
michael nagle | Mayor Bloomberg | fake images
Goal CEO Mark Zuckerberg reiterated his commitment to spend billions of dollars developing the metaverse amid investor concerns about the health of his company’s online advertising business.
In a call with analysts as part of Meta’s third-quarter earnings report, Zuckerberg and other Meta executives fielded a series of questions from analysts who seemed increasingly frustrated with the company’s rising costs and expenses, which rose 19 % year-over-year to $22.1 billion during the quarter.
Meta shares plunged 24% on Thursday morning, a day after the company reported weakness…
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