A couple of weeks ago we noticed Northland denizens believing the hype and seemingly thinking they were the next Internets destination rather than just a depressing collection of strip malls with absolutely no cultural or civic life and transient neighborhoods filled with cheaply built houses wherein faceless neighbors don't even bother considering their "community" that's pretty much just a filing cabinet for the fading American-middle-class.
Now . . .
Thanks to the BEST & BRIGHTEST TKC READERS . . . Here's a glimpse that banking on social media fun & games might not be the best bet . . .
"The announcement comes a week after Meta posted its slowest revenue growth in years during the first three months of 2022, and profits down 21% from the same period in the prior year. It is projecting revenues from the current quarter to be between $28 billion to $30 billion, which would be nearly flat compared to the $29 billion it brought in during the prior-year quarter.
"Meta is in the midst of attempting to shift its strategy to focus on its plans for an augmented and virtual-reality-enabled future. The company is also facing steep competition from rivals like TikTok, lost business in Russia, difficulties monetizing crucial video content and challenges to its advertising business from privacy changes by Apple. Meta reported last week that its average price-per-ad decreased 8% year-over-year during the first quarter."
Read more via www.TonysKansasCity.com link . . .
Meta said Thursday it is cutting back on hiring. The move is one of several shifts the Facebook parent company is making following a period of slower-than-usual growth.