Tech

Facebook owner Meta sees slow growth amid advertising sale disaster

Published

4 years ago

February 3, 2022

Facebook-owner ‘Meta’ has warned of slowing growth amid a disastrous start in advertising sales in 2022

Facebook’s total number of users has declined, resulting in a poor start to 2022 advertising revenue. It is a first for the social media platform that has experienced seemingly never-ending growth since it debuted 17 years ago.

The tech company lost around $200 billion in just one afternoon after investors gave Meta CEO Mark Zuckerberg’s big plans to create a metaverse, a big vote of disapproval on Wednesday.

Shares in Meta, formerly known as Facebook dived by 23% in after-hours trading on Wednesday to $249.15 following the social media giant reporting tepid quarterly results.

That huge drop shaved almost $200 billion in market value from Meta, sending its total market capitalisation from $900 billion tumbling to around $700 billion

The company’s fourth-quarter profits of $3.67 per share fell short of the $3.85 that analysts had expected.

Revenues of $33.67 billion were roughly in line with Wall Street’s forecasts.

Meta’s 1.93 billion daily active users in its fourth quarter, missed analyst expectations of 1.95 billion.

YouTube and Snapchat — Businesses are taking advantage of advertising opportunities on TikTok and Snapchat

That total figure was also slightly less than the number of daily users it recorded the previous quarter, marking the first time the company experienced a drop in its platform users in its history.

It comes as audiences flock to competitors like TikTok and Snapchat for advertising.

Mark Zuckerberg also lost a whopping $24 billion in net worth following the disastrous results of Meta’s stock drop.

Tech

Apple set to unveil budget iPhone 17e, new iPads and low-cost MacBook

Apple’s Tim Cook announces major product reveals this week, highlighting budget iPhone 17e, new iPads, and low-cost MacBook.

Published

6 days ago

February 27, 2026

Harvey Vargas

Apple’s Tim Cook announces major product reveals this week, highlighting budget iPhone 17e, new iPads, and low-cost MacBook.

Apple Inc. CEO Tim Cook has confirmed a major week of product announcements kicking off Monday morning, building momentum toward a global “Apple Experience” event across New York, London and Shanghai. The tech giant is expected to spread its reveals across three days, fuelling speculation about its biggest refresh cycle yet.

Leading the buzz is the rumoured budget-friendly iPhone 17e, signalling Apple’s push to capture more price-conscious consumers without sacrificing performance. Two new iPads powered by advanced chips are also tipped to headline the lineup, pointing to stronger AI capabilities and faster processing speeds.

Rounding out the expected reveals is a low-cost 12.9-inch MacBook that’s already generating serious interest, alongside updated MacBook Pro models and a refreshed Mac Studio. It’s shaping up to be one of Apple’s most significant multi-product launches in recent years.

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#Apple #TimCook #iPhone17e #AppleEvent #TechNews #iPad #MacBook #Innovation

Tech

Nvidia posts record revenue as AI fears shake investors

Nvidia’s £68.1 billion revenue, up 73%, raises investor concerns about AI’s impact and tech customers’ financial health.

Published

6 days ago

February 27, 2026

Harvey Vargas

Nvidia’s £68.1 billion revenue, up 73%, raises investor concerns about AI’s impact and tech customers’ financial health.

Nvidia posted strong quarterly earnings, but Wall Street remained unimpressed, causing shares to fall 5%. Analysts point to investor concerns over AI dominance and a stalled $100 billion deal with OpenAI.

Experts discuss what factors in the earnings report failed to meet market expectations, including revenue projections and details around the Vera Rubin chip architecture. Competition from alternative chipmakers and scrutiny of hyperscaler cash flows are also shaping investor sentiment.

Despite recent setbacks, analysts remain cautiously bullish on Nvidia, highlighting long-term AI potential and the company’s dominant position in the chip market.

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Tech

Meta launches lawsuits over alleged scam advertising operations

Meta targets scam advertising networks in Brazil, China, and Vietnam, intensifying its crackdown on scams across its platforms.

Published

6 days ago

February 27, 2026

Harvey Vargas

Meta targets scam advertising networks in Brazil, China, and Vietnam, intensifying its crackdown on scams across its platforms.

Social media giant Meta has launched aggressive legal action targeting alleged scam operations using its platforms. The company has filed lawsuits against four advertising networks based in Brazil, China and Vietnam.

Meta has also issued cease and desist letters to eight marketing consultants accused of helping clients bypass the platform’s enforcement systems. The move signals a tougher stance on organised scam activity operating at scale.

While no criminal charges have been laid, Meta says it is doubling down on efforts to protect users and restore trust across its platforms as scam activity continues to rise globally.

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