{"id":13460,"date":"2022-02-05T16:24:43","date_gmt":"2022-02-05T16:24:43","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=13460"},"modified":"2022-02-05T15:23:55","modified_gmt":"2022-02-05T15:23:55","slug":"facebook-slips-as-investors-flee-meta","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/facebook-slips-as-investors-flee-meta","title":{"rendered":"Facebook slips as investors flee Meta"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Facebook-parent Meta saw investors flee on Thursday February 03 rather than buckle-up for what could be a long ride towards the firm’s metaverse vision for the internet’s future.<\/p>\n

While the tech titan has previously seen shares climb despite fines, regulatory threats, misinformation woes and harassment troubles — this time they plummeted in what one analyst called “a perfect storm.”<\/p>\n

Here are key factors shaking confidence in the social media giant:<\/p>\n

Facebook growth that had been on a seemingly perpetual upward trend slipped at the end of last year, with the number of people using the social network daily declining.<\/p>\n

Meta executives warned of increased competition, particularly from video star TikTok as well as messaging services such as Telegram and Slack.<\/p>\n

The firm is making a priority of investing in its Reels short-form video feature as well as apps such as WhatsApp and Instagram to stay in tune with users.<\/p>\n

That means spending big on services that are harder to make money from than the Facebook social network with its digital ad machine.<\/p>\n

Meta executives told analysts that Facebook’s ad-targeting efficiency is being undermined by a change Apple implemented to the software running iPhones.<\/p>\n

In the update of iOS, Apple required application publishers to ask permission before collecting data, much to the regret of companies like Meta that rely on it for ad targeting.<\/p>\n

As iPhone users opt out of sharing data for targeting ads in Facebook apps, marketing messages become less precisely targeted and thus less profitable.<\/p>\n

“We believe the impact of iOS, overall, as a headwind on our business in 2022 is on the order of $10 billion,” Meta chief financial officer David Wehner said on an earnings call.<\/p>\n

“So, that is a pretty significant headwind for our business.”<\/p>\n

Advertising at Meta also suffered with the broader market, as businesses curtailed budgets in the face of supply troubles, labor turnover, and pandemic woes.<\/p>\n

Meta is facing a “perfect storm” countering growth, according to Baird Equity Research analyst Colin Sebastian.<\/p>\n

“Our concerns about the near-term growth outlook for Meta were not only realized, but worse than we thought,” Sebastian said in a note to investors.<\/p>\n

Meta chief executive Mark Zuckerberg portrays the metaverse as the future of life on the internet. In that spirit, the tech company changed its name to “Meta.”<\/p>\n

Making the immersive online world of the metaverse is expected to take many years and cost many billions.<\/p>\n

A “Reality Labs” unit at Meta devoted to technology for intermixing actual and virtual worlds reported a loss of $10 billion last year, according to an earnings release.<\/p>\n

Major investors in the stock market are notoriously averse to waiting a long time for big returns, tending to trade shares based on potential for quick gains.<\/p>\n

As Meta looks to make a “transformation” to better compete with the likes of TikTok, a hit with younger users, regulators in the United States and elsewhere have vowed to curb its power.<\/p>\n

A federal judge in January ruled that US regulators’ re-worked anti-trust case against Facebook can go ahead, saying the complaint was more robust and detailed than the version denied in 2021.<\/p>\n

The US Federal Trade Commission has alleged Meta holds an illegal monopoly by acquiring potential competitors that it now owns like Instagram and WhatsApp.<\/p>\n

The lawsuit, which could take years to go through the courts without a settlement, called for the “divestiture of assets,” including WhatsApp and Instagram, to restore competition.<\/p>\n

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

Africa-Press – Mozambique. Facebook-parent Meta saw investors flee on Thursday February 03 rather than buckle-up for what could be a long ride towards the firm’s metaverse vision for the internet’s future. While the tech titan has previously seen shares climb despite fines, regulatory threats, misinformation woes and harassment troubles — this time they plummeted in […]<\/p>\n","protected":false},"author":84,"featured_media":13459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9,16],"tags":[233,281,283],"class_list":["post-13460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nFacebook slips as investors flee Meta - Mozambique<\/title>\n<meta name=\"description\" content=\"Facebook-parent Meta saw investors flee on Thursday February 03 rather than buckle-up for what could be a long ride towa ...\" \/>\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\/mozambique\/all-news\/facebook-slips-as-investors-flee-meta\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Facebook slips as investors flee Meta\" \/>\n<meta property=\"og:description\" content=\"Facebook-parent Meta saw investors flee on Thursday February 03 rather than buckle-up for what could be a long ride towa ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/facebook-slips-as-investors-flee-meta\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-05T16:24:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/02\/img-61fe966bebffa.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1160\" \/>\n\t<meta property=\"og:image:height\" content=\"773\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/facebook-slips-as-investors-flee-meta#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/facebook-slips-as-investors-flee-meta\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Facebook slips as investors flee Meta\",\"datePublished\":\"2022-02-05T16:24:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/facebook-slips-as-investors-flee-meta\"},\"wordCount\":586,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/facebook-slips-as-investors-flee-meta#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/02\/img-61fe966bebffa.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"homepage-english\",\"miscellaneous\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/facebook-slips-as-investors-flee-meta#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/facebook-slips-as-investors-flee-meta\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/facebook-slips-as-investors-flee-meta\",\"name\":\"Facebook slips as investors flee Meta - 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