OPINION: A worrisome forecast from Meta CFO David Wehner is nothing new. But this time he might be right, writes columnist tpoletti.
Chief Financial Officer David Wehner has warned of impending financial doom at Facebook so many times that this column has dubbed him “the Chicken Little of Silicon Valley.”Meta Platforms Inc. shares FB, -0.28% plunged nearly 23% in Wednesday’s extended session after another warning from Wehner, who has overshadowed strong results for years with concerns about slowing growth that never really arrived.
Internet companies have been concerned about the impact of Apple’s changes to iOS for more than a year, from Snap Inc. SNAP, +58.82% to Pinterest Inc. PINS, +11.18% to Facebook. The changes let consumers opt out of sharing their data or having it tracked by third parties like these companies, putting only Apple — which has its own growing advertising business — in charge of that juicy data.
“The experience we have for monetizing Stories is directly applicable, we’re not starting from scratch,” she said. “Overall engagement will grow as a part of this and that’s why we’re optimistic about the future, but there’s a lot of work to do here.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Tech stocks edge higher after Meta routGrowth and technology stocks rebounded on Friday, as traders weighed stellar results from Amazon.com Inc against an unexpectedly strong U.S. employment number that propelled Treasury yields higher.
Lire la suite »
Meta adds 'personal boundaries' to Horizon Worlds and Venues to fight harassment | EngadgetMeta adds 'personal boundaries' to Horizon Worlds and Venues to fight harassment
Lire la suite »
Aussie Billionaire Files Criminal Case Against Facebook (Meta) for Running Illegal Crypto AdsOne of the richest men in Australia brought the first global criminal suit against Mark Zuckerberg-run social media platform.
Lire la suite »
Big Tech Highlights From Alphabet, Meta and Amazon Financials For 2021 | HackerNoonIn this research, we analyze the financials of the main big tech players for 2021. We draw some key conclusions based on the recent financial releases.
Lire la suite »
Meta is adding a ‘personal boundary’ to VR avatars to stop harassmentMeta is adding a 'personal boundary' to VR avatars to stop harassment
Lire la suite »