{"id":1069274,"date":"2022-10-27T08:10:45","date_gmt":"2022-10-27T12:10:45","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1069274"},"modified":"2022-10-27T08:10:45","modified_gmt":"2022-10-27T12:10:45","slug":"metas-value-plunges-more-than-65-billion-amid-falling-sales-rising-costs","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1069274","title":{"rendered":"Meta\u2019s value plunges more than $65 billion amid falling sales, rising costs"},"content":{"rendered":"<div id=\"rss-wrap\">\n<figure class=\"intro-image intro-left\">\n  <img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2022\/10\/meta-down-800x539-1.jpg\" alt=\"Meta&#x2019;s value plunges more than $65 billion amid falling sales, rising costs\" \/><\/p>\n<p class=\"caption\" style=\"font-size:0.8em\"><a href=\"https:\/\/cdn.arstechnica.net\/wp-content\/uploads\/2022\/10\/meta-down.jpg\" class=\"enlarge-link\" data-height=\"690\" data-width=\"1024\">Enlarge<\/a> (credit: <a rel=\"nofollow\" class=\"caption-link\" href=\"https:\/\/www.gettyimages.com\/detail\/news-photo\/in-this-photo-illustration-the-facebook-whatsapp-and-news-photo\/1235722082\">SOPA Images\/Getty<\/a>)<\/p>\n<\/figure>\n<div><a name=\"page-1\" \/><\/div>\n<p>Investors wiped more than $65 billion from Meta\u2019s market capitalization on Wednesday after the Facebook owner reported another quarter of declining revenues and failed to convince investors that big bets on the metaverse and artificial intelligence were paying off.<\/p>\n<p>Shares in Meta dropped 19 percent in after-hours trading as the world\u2019s largest social media platform joined other Big Tech groups in warning that an economic slowdown was hammering its advertising businesses as brands spend less on marketing.<\/p>\n<p>On top of the wider macroeconomic woes, Meta faces a confluence of challenges, including rising competition for its Instagram platform from rivals such as short-form video app TikTok and difficulties in targeting and measuring advertising because of Apple\u2019s privacy policy changes.<\/p>\n<\/div>\n<p><a href=\"https:\/\/arstechnica.com\/?p=1893205#p3\">Read 15 remaining paragraphs<\/a> | <a href=\"https:\/\/arstechnica.com\/?p=1893205&amp;comments=1\">Comments<\/a><\/p>\n<p>&#013;<br \/>\n&#013;<br \/>\nSource: Ars Technica &#8211; <a href=\"https:\/\/arstechnica.com\/?p=1893205\" target=\"_blank\" rel=\"noopener\">Meta\u2019s value plunges more than  billion amid falling sales, rising costs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Enlarge (credit: SOPA Images\/Getty) Investors wiped more than $65 billion from Meta\u2019s market capitalization on Wednesday after the Facebook owner reported another quarter of declining revenues and failed to convince investors that big bets on the metaverse and artificial intelligence &hellip; <a href=\"https:\/\/www.prime-wow.com\/?p=1069274\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1069275,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[27,110],"tags":[73],"class_list":["post-1069274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ars-technica","category-unfiltered-rss","tag-ars-technica"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1069274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1069274"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1069274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/1069275"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1069274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1069274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1069274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}