The tech world is under antitrust scrutiny more broadly as lawmakers zero in on big industry players. The company said it continues "to expect increased ad targeting headwinds in 2021 from regulatory and platform changes, notably the recent iOS updates." Investors were watching how a new privacy update from Apple would impact its bottom line. 27 or they will be terminated, CNBC reported. quarters to decelerate significantly, sending the social media giants. Now United is telling its employees that those who apply for a religious exemption and are denied must get their first shot by Sept. Congress unveiled the package of five antitrust bills in mid-June. Facebook warns growth to slow significantly, mandates vaccine for US staff. The company's earnings come after it decided in early June that former President Donald Trump will be suspended from the platform until at least January 2023.įacebook and its Big Tech peers also face potentially new legislation designed to keep them from growing too large and powerful. Facebook warns growth to slow significantly, mandates vaccine for US staff Business & Finance NEW YORK: Facebook said on Wednesday (Jul 28) it expects revenue growth in the third and fourth quarters to 'decelerate significantly', sending the social media giants shares down about 5 per cent in extended trading. Facebook passed that mark after a US court threw out the Federal Trade Commission antitrust lawsuit against the company, as well as one put forward by state attorneys general.įacebook is the fifth US company to hit the $1 trillion market cap milestone. The company hit a major milestone during its second quarter, surpassing a $1 trillion market capitalization in late June. (Reuters) -Facebook Inc said on Wednesday it expects revenue growth to 'decelerate significantly,' sending the social media giants shares down 3.5 in extended trading even as it reported strong. Shares fell about 4.5% in late trading following the release. User numbers ballooned during 2020, as the pandemic kept people inside and online, but the firm said: "We expect year-over-year total revenue growth rates to decelerate significantly" in the second half of 2021. (NASDAQ: FB) on Wednesday reported first-quarter results that beat the average analyst estimate but warned that revenue growth could significantly decelerate. ![]() staff Facebook Inc said on Wednesday it expects revenue growth in the third and fourth quarters to 'decelerate significantly,' sending the social media giant's shares down about 5 in extended trading. ![]() ![]() The total number of ads delivered rose 6% year-over-year, Facebook said, while revenue from the segment was up 47%. Facebook warns growth to slow significantly, mandates vaccine for U.S. Growth is expected to further moderate to 2.2 percent in 2023, largely reflecting the further unwinding of the fiscal and monetary policy support provided during the pandemic. Facebook's MAU count is tied to its lucrative advertising business. Growth in advanced economies is projected to sharply decelerate from 5.1 percent in 2021 to 2.6 percent in 20221.2 percentage point below projections in January.
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