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Meta Confronts An Apple-Sized Hole In Its Once-Mighty Advertising Business
The social media company must deal with a range of headwinds, but a year later, the hit to its ad targeting capabilities has been particularly painful.
21 Nov 2022, 02:49 PM IST
(Bloomberg Businessweek) -- There are many reasons for the dire situation at Meta Platforms Inc. The company, which has lost two-thirds of its market value this year and cut 11,000 jobs on Nov. 9, has been battered by damaging news about the political and social impact of Facebook, Instagram and WhatsApp. Investors are skeptical of Chief Executive Officer Mark Zuckerberg’s plans to pivot from social networking to the metaverse a...
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