Meanwhile, as we reported this morning, the
Wehner said that Meta's advertising revenue growth had slowed during the second quarter, with advertiser demand weakening. This somewhat contradicts Meta's own claim earlier this year, which was that the changes introduced by Apple to allow iPhone users to opt out of tracking by advertisers would likelyCEO Mark Zuckerberg said in his own remarks about the Q2 results that Meta was focused on making long-term investments that will position the company to be stronger coming out of the current downturn, including work on its discovery engine and Reels, new ads infrastructure and the metaverse.
oh dear, poor old Meta 🙄
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