BBCNEWS Asia Business Report July 6, 2024
forecast that second—quarter revenue would be above market expectations. this confirms the view that digital advertisers are betting on well—established platforms such as facebook and instagram in the face of challenging economic conditions. those concerns have led meta and other tech giants to embark on a cost—cutting campaign that has so far resulted in 150,000 lay—offs across the sector. earlier i spoke to the founder of the tech advisory firm constellation research and it told me that meta has managed told me that meta has managed to keep eyeballs on its platforms and adv...