Facebook parent company Meta posts first revenue decline in history
CBSN
Facebook and Instagram's parent company Meta posted its first revenue decline in history Thursday, dragged by a drop in ad spending as the economy falters — and as competition from rival TikTok intensifies.
The company's stock dropped slightly in after-hours trading following the results, suggesting Wall Street was largely expecting the weak earnings report.
The results also largely followed a broader decline in the digital advertising market that is dinging rivals such as Alphabet and Snap. Google's parent company reported its slowest quarterly growth in two years on Tuesday.
On May 7, health influencer Paul Saladino, M.D.. posted a video to his X account that promoted feeding "raw dairy" to infants. The post received over 90,000 views and sparked strong backlash before it was removed the following day. Saladino regularly advocates for "animal-based" diets featuring raw milk, including on his TikTok channel where he has over half a million followers.
Everywhere you look, things are getting more complicated. Our phones have over a thousand settings. Showerheads come with apps. Cars have touchscreens. Ovens have touchscreens. "There's no doubt that 'featuritis' is real," said design consultant Jakob Nielsen. "Most of these things are too complicated."
New research is adding to the evidence linking ultra-processed foods to health concerns. The study tracked people's habits over 30 years and found those who reported eating more of certain ultra-processed foods had a slightly higher risk of death — with four categories of foods found to be the biggest culprits.