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Numbers are in – Facebook owner’s gloomy future forecast

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As fears of a global recession grow, Meta has recorded its first-ever quarterly drop, and has issued a gloomy future forecast

Shares in the company fell around 1-point-4 per cent in extended trading, as execs predict a third-quarter revenue of between 26 and $28.5 billion.

This is far short of the 30 billion analysts were hoping for.

Meta’s entire business model centres around ad sales, which fell fell 1 per cent in this increasingly competitive commercial market.

Monthly active users on he company’s flagship platform, Facebook also came in slightly under analyst expectations at 2-point-9 billion.

Meanwhile, Alphabet reported a rise in quarterly revenue on Tuesday… with sales from Google topping investor expectations.

Snap and Twitter both fell short.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Chocolate price hikes bring bitter taste to markets

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Ghana and Ivory Coast, two major cocoa-producing countries, are experiencing a serious problem with their cocoa harvests this year.

Together, they usually provide more than 60% of the world’s cocoa supply. This shortage has caused prices for cocoa beans, which are used to make chocolate, to skyrocket.

In fact, the prices have more than doubled just this year and keep reaching new record highs almost every day.

According to over 20 farmers, experts, and industry insiders interviewed by Reuters, several factors are contributing to this crisis.

Illegal gold mining, climate change, poor management of the cocoa sector, and the spread of diseases among cocoa plants are all playing a part in the situation.

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Excess EVs from China overflow to EU

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China has realised it’s making too many electric cars.

The country’s vice minister of industry and information technology stated they will be taking “forceful measures to prevent superfluous projects.”

China has been supporting electric cars, helping companies like BYD, Geely Automobile, and others grow. This has made China the biggest car market and the largest car exporter.

But because of this growth, many provinces have started making too many cars, experts think there could be 5 to 10 million extra cars made every year.

Last year, the European Commission started investigating if cheap Chinese electric cars were hurting their market.

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Microsoft exclusive titles expand, as new console design revealed

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Xbox announced fan-favourite games going multi-platform in February, and in April, Nintendo and PlayStation will release two former Xbox exclusives.

“Grounded,” shrinking players to insect size, launches April 16th on Nintendo Switch and PlayStation. “Sea of Thieves” sets sail on PlayStation 5 April 30th.

Leaked images suggest a new Xbox Series X design, possibly disc-less.

PlayStation 5 users can enjoy the “Stellar Blade” demo ahead of its April 26th release.

On the tech front, Pale Blue’s rechargeable Lithium-Ion batteries offer eco-friendly benefits like fast charging and waste reduction, just in time for Earth Day.

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