- by theverge
- 08 Sep 2024
$80bn wiped from value of Facebook and Instagram owner Meta
$80bn wiped from value of Facebook and Instagram owner Meta
- by theguardian
- 29 Oct 2022
- in technology
The sell-off began during overnight trading after a downbeat results presentation, and continued when markets reopened on Thursday. It was one of the most dramatic devaluations Wall Street has seen since investor confidence in Silicon Valley stocks began to crumble at the start of the year.
Amid growing competition from TikTok, Meta is also suffering from a slowdown in advertising spend.
Meta hinted at job cuts, after first announcing a staff hiring freeze and potential restructuring in September.
Meta has also forecast a drop in revenue for the year, its first since it floated on the stock market in 2012.
Its third-quarter losses indicated Meta had focused too intently on new ventures, said Debra Aho Williamson, an analyst with Insider Intelligence.
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travel
- by travelandtourworld
- descember 09, 2016
How Will China's C919 New Expansion Threaten Boeing and Airbus's Dominance in the International Airline Sector?
The C919, China’s first domestically produced narrow-body jet, has officially entered the commercial aviation market, marking a significant shift in the global airline sector. With its entry, the C919 poses a formidable challenge to the long-standing dominance of Boeing and Airbus, offering airlines a third option that could disrupt the current duopoly. The impact of this development is expected to ripple across the travel industry, influencing airline competition, passenger choices, and global aviation dynamics.
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