Re:Meta Earning Results Q3 2022 [pdf]
by jsemrau on Wednesday October 26, 2022 @05:30PM
(#33349768)
[1] Due to macroeconomic condition marketing spend by companies is decreasing -> Lower revenue
[2] New entrants in the social ad-tech market (Apple, Uber, Netflix, Youtube, etc) take a slice of a shrinking market
[3] Privacy regulations shrink market further
So while they are still insanely profitable for their core business the growth story is over.
So while they are still insanely profitable for their core business the growth story is over.