{"id":21082,"date":"2022-10-29T16:05:18","date_gmt":"2022-10-29T16:05:18","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/facebook-reports-sharp-drop-in-profits-in-q3"},"modified":"2022-10-29T16:35:46","modified_gmt":"2022-10-29T16:35:46","slug":"facebook-reports-sharp-drop-in-profits-in-q3","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/facebook-reports-sharp-drop-in-profits-in-q3","title":{"rendered":"Facebook reports sharp drop in profits in Q3"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>The \u2018holding\u2019 Meta, which controls Facebook, presented, this Wednesday, quarterly results, with a sharp drop in profits, which happens for the second consecutive quarter, due to the drop in advertising revenues, caused by competition from the popular video platform TikTok.<\/p>\n

Meta\u2019s disappointing results followed similarly weak results from Google\u2019s holding company Alphabet and Microsoft this week. Meta\u2019s revenues in the third quarter of the year, year on year, were down four percent to $27.7 billion, but profits were down 52% to $4.4 billion.<\/p>\n

Some investors are concerned that Meta is spending too much money and confusing people with its focus on the Metaverse, a confusing concept of virtual and augmented reality; I few people understand, at the same time it is faced with the reduction of advertising revenue.<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. The \u2018holding\u2019 Meta, which controls Facebook, presented, this Wednesday, quarterly results, with a sharp drop in profits, which happens for the second consecutive quarter, due to the drop in advertising revenues, caused by competition from the popular video platform TikTok. Meta\u2019s disappointing results followed similarly weak results from Google\u2019s holding company Alphabet […]<\/p>\n","protected":false},"author":84,"featured_media":21081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,246,186,245],"class_list":["post-21082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-lesotho","tag-facebook","tag-lesotho"],"yoast_head":"\nFacebook reports sharp drop in profits in Q3 - Lesotho<\/title>\n<meta name=\"description\" content=\"The \u2018holding\u2019 Meta, which controls Facebook, presented, this Wednesday, quarterly results, with a sharp drop in profits, ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/facebook-reports-sharp-drop-in-profits-in-q3\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Facebook reports sharp drop in profits in Q3\" \/>\n<meta property=\"og:description\" content=\"The \u2018holding\u2019 Meta, which controls Facebook, presented, this Wednesday, quarterly results, with a sharp drop in profits, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/facebook-reports-sharp-drop-in-profits-in-q3\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-29T16:05:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-29T16:35:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/10\/postQueueImg_19-635d5640e5b48.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1890\" \/>\n\t<meta property=\"og:image:height\" content=\"1062\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/facebook-reports-sharp-drop-in-profits-in-q3#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/facebook-reports-sharp-drop-in-profits-in-q3\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Facebook reports sharp drop in profits in Q3\",\"datePublished\":\"2022-10-29T16:05:18+00:00\",\"dateModified\":\"2022-10-29T16:35:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/facebook-reports-sharp-drop-in-profits-in-q3\"},\"wordCount\":148,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/facebook-reports-sharp-drop-in-profits-in-q3#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/10\/postQueueImg_19-635d5640e5b48.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"Facebook\",\"Lesotho\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/facebook-reports-sharp-drop-in-profits-in-q3#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/facebook-reports-sharp-drop-in-profits-in-q3\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/facebook-reports-sharp-drop-in-profits-in-q3\",\"name\":\"Facebook reports sharp drop in profits in Q3 - 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