Source: news.google.com
Mark Zuckerberg, CEO of Meta Platforms Inc., demonstrates Meta Quest Pro during the Meta Connect virtual event in New York, USA, on Tuesday, October 11, 2022.
Michael Nagle | Mayor Bloomberg | fake images
Goal CEO Mark Zuckerberg has reiterated his commitment to spend billions of dollars developing the metaverse amid investor concerns about the health of his company’s online advertising business.
On 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 percent. % year over year to $22.1 billion during the quarter.
Meta shares plunged 19% after the company reported weak guidance for the fourth quarter…
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