• Investors wipe almost $200bn from value of Facebook owner Meta

    From buh buh biden@21:1/5 to All on Sun Feb 13 08:39:20 2022
    XPost: talk.politics.guns, soc.retirement, sac.politics
    XPost: alt.fan.rush-limbaugh

    Mark Zuckerberg warns customers are spending more time on newer rivals
    such as TikTok

    Investors wiped almost $200bn from the market valuation of Facebook owner
    Meta as it warned that users were spending more time on newer rivals such
    as ByteDance’s TikTok.Shares in the company plummeted more than 20 per
    cent in pre-market trading on Thursday after Meta said it expected its first-quarter revenues to fall short of Wall Street forecasts because of
    the “increasing competition”.

    The tumble leaves Meta shares on track for their worst day since the group listed in 2012 and would mark one of the biggest one-day declines in a company’s market value on record.“People have a lot of choices for how
    they want to spend their time, and apps like TikTok are growing very
    quickly,” Mark Zuckerberg, chief executive, warned on a call with analysts after the group’s results were announced late on Wednesday.

    The competition would put short-term pressure on Meta’s advertising
    business, he added.The latest evidence that Meta was losing the “attention battle” to apps such as TikTok came a day after its rival, Google parent Alphabet, posted an unexpected surge in advertising revenue.Whereas the
    Google owner has taken Apple’s recent privacy changes in its stride, Meta
    said it was still suffering from the new policies that make it harder to
    track users and target advertising.

    “There’s a clear trend where less data is available to deliver
    personalised ads,” Zuckerberg said.Some tech companies have been under considerable pressure this year as investors grow jittery over signs of
    slowing growth and as the Federal Reserve prepares to tighten policy.

    The tech-heavy Nasdaq Composite index suffered its worst month in January
    since coronavirus first rocked financial markets in March 2020.Late last
    month, Netflix shares slid by their most in almost a decade after the
    company’s guidance fell short of expectations.

    PayPal, which missed expectations on Tuesday, plunged almost 25 per cent
    the following day, slicing $51bn off the company’s valuation.

    Spotify also posted a disappointing outlook for first-quarter subscriber
    growth on Wednesday, sending its shares down as much as 23 per cent in after-hours trading before they recovered to trade roughly 10 per cent lower.Meta said it expected revenues in the first quarter of 2022 to be in
    the range of $27bn to $29bn, equivalent to between 3 and 11 per cent
    growth year on year.

    That was below expectations for first-quarter revenue of $30.3bn,
    according to S&P Capital IQ, and would essentially be Facebook’s slowest
    growth period in its history, according to analysts.

    Fourth-quarter profits were squeezed by its investment in a digital avatar-filled world known as the metaverse, as well as higher spending at
    its virtual and augmented reality technology arm.Facebook’s monthly active
    user base remained flat at 2.91bn, below analysts’ estimates of 3bn.

    On top of “increased competition for people’s time”, Meta blamed the poor performance on “a shift of engagement within our apps”. It said people
    were watching more short-form videos that brought in less money than the advertising appearing in its feed.

    The social media company has struggled to maintain its edge with teenagers
    and younger users, while a string of privacy and moderation scandals have battered its reputation.Zuckerberg last year announced that the company
    would be “retooling . . . to make serving young adults the north star”,
    with a focus on Reels, its TikTok clone.

    Meta on Wednesday also warned that macroeconomic challenges such as
    inflation and supply chain disruptions were hitting advertisers’
    budgets.Tom Johnson, global chief digital officer, at Mindshare Worldwide, said: “The warnings over significant headwinds linked to supply chain and
    the impact on ad dollars, the continuing impact of [Apple] iOS privacy
    changes, as well as consumers moving to Meta features that monetise at a
    lower level have combined to scare investors that the good times may be
    over.

    https://www.ft.com/content/51ea47e1-50c1-4b72-94d6-884017a1af4a

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  • From -=DirtBag@21:1/5 to BeamMeUpScotty on Sun Feb 13 14:31:40 2022
    On Sunday, February 13, 2022 at 5:36:12 AM UTC-8, BeamMeUpScotty wrote:
    On 2/13/22 3:39 AM, buh buh biden wrote:
    Mark Zuckerberg warns customers are spending more time on newer rivals such as TikTok

    Investors wiped almost $200bn from the market valuation of Facebook owner Meta as it warned that users were spending more time on newer rivals such as ByteDance’s TikTok.Shares in the company plummeted more than 20 per cent in pre-market trading on Thursday after Meta said it expected its first-quarter revenues to fall short of Wall Street forecasts because of the “increasing competition”.
    They spin a lie so that it isn't connected to the Democrats politics,
    which it is.... everyone I know is now moving away from FACEBOOK/META because of it's POLITICS and the CENSORSHIP of facts and silencing of
    people based on their political inclinations. Away from where
    FACEBOOK/META will be tracking and using algorithms to filter and
    collect data to use to punish and penalize you for your political/social interactions... now you know what Obama was talking about when he
    signaled to the Marxist Laraza HATE GROUP back when he was President.

    https://www.youtube.com/watch?v=TeT67BvYzo4

    Obama said to Marxist Laraza Latinos "who come here from South and
    Central America" and do NOT support the U.S. Constitution or the
    American people... "Punish Our Enemies" (American citizens)
    .
    Which begs the question of what does Obama and the Democrats say to
    their other Marxist and Jihadist friends when they reward them? What did Obama say when he gave Iran $150 BILLION DOLLARS? Was Obama again... punishing his enemies (The American citizens) by rewarding America's enemies?




    And then Michelle Obama said this to the Marxist-Democrats in Puerto Rico...

    https://youtu.be/afGz0dzVSIU?t=145

    Obama (Marxist) says you will have to change your *traditions* and your *history* . But are you still "American" if Obama (Marxists) force you
    to change "who we are and have been" by erasing your past and rewriting
    it with a FAKE HISTORY?

    This is all Part of the Democrats on going efforts to *FUNDAMENTALLY*
    CHANGE WHO WE ARE... to make us good little MARXISTS.... whether that's
    what you wanted or NOT, in other words it's a planned take-over by the Marxists of the UNITED STATES and the UNDERMINING OF THE U.S.
    Constitution by stealing your RIGHTS and your FREEDOMS...

    Your life is under attack by Traitors and SABOTEURS and Marxists and
    outside forces and they're trying to hide it so that it's a covert war
    and *they have the White House* and *the Capital* and NOW *they have*
    *our* *Military* and the Nuclear launch system neutralized *and/or* *WEAPONIZED AGAINST YOU* .

    Wake up and reward the Americans fighting for your freedoms or lose your freedoms... those are your choices.
    The tumble leaves Meta shares on track for their worst day since the group listed in 2012 and would mark one of the biggest one-day declines in a company’s market value on record.“People have a lot of choices for how they want to spend their time, and apps like TikTok are growing very quickly,” Mark Zuckerberg, chief executive, warned on a call with analysts
    after the group’s results were announced late on Wednesday. ”https://www.ft.com/content/51ea47e1-50c1-4b72-94d6-884017a1af4a



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    "We hold these truths to be self-evident, that all men are created
    equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.
    — That to secure these rights, Governments are instituted among Men, *deriving their just powers from the consent* of the governed, — That whenever any Form of Government becomes destructive of these ends, it is
    the Right of the People to alter or to abolish it, and to institute new Government,"

    It would seem that *MANDATES* are NOT derived from the consent of the governed. The Constitution doesn't delegate unlimited power to mandate
    the governed... become part of a medical experiment.

    "This is the classic definition of a “cult,” when facts and real science are tossed aside for beliefs that contradict the actual facts."

    Joe Biden says NO Constitution claus or Amendment (POWERS) or (RIGHTS)
    are absolute, if so then where did Joe Biden get the ABSOLUTE POWER TO MANDATE ANY PERSON BE FORCED OR COERCED TO BE VACCINATED? Think about
    that! The Constitution doesn't make Joe Biden King and you/we are NOT
    ROYAL property.

    -That's karma-

    Go blow more hot air... HaHa. Fk Trump! Next!

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