The United States has gathered together, and the net profit has been halved for two consecutive quarters of reduced production, and advertising has fought hard.

Us IT giant meta (formerly Facebook Inc) reported on the 26th that sales for the July-September period of 2022 fell 4% from a year earlier to $2.7714 million (4 trillion 60 billion yen), the second consecutive quarter of decline. Net profit also halved to $439500, down 52%. With the Chinese video contribution application "TikTok (Tiktok)" competition intensified and the economy slowed down, the main Internet advertising revenue decreased.

The Turkish Competition Commission announced on the 26th that it decided to fine US IT giant meta (former Facebook) about 34700 Turkish lira (2.74 billion yen), saying it violated competition law by blocking the entry of competitors in the online advertising market. Yuan can appeal to the administrative court.
According to reports, Yuan believes that the online advertising market interferes with the entry and activities of competing companies by collecting personal information through Facebook, a photo-sharing app, and Watts, a communications app.
The Competition Commission announced the start of the investigation in 2021.

The net profit from July to September announced by Alphabet Inc-CL C's parent company and the alphabet on the 25th also decreased by 27%, resulting in an uphill battle. In the process of reducing advertising, the headwind of the giant IT supported by online advertising is strengthening.

Author: Kyodo News Agency

Last Updated: 10gam27 (Thursday) 10:17